LegalFix
Sign In

§ 58-12-9 Application of excess annuities to judgment--Factors considered.

SD Codified L § 58-12-9 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

58-12-9. Application of excess annuities to judgment--Factors considered. If the total benefits presently due and payable to any annuitant under all annuity contracts under which he is an annuitant, shall at any time exceed payment at the rate of two hundred and fifty dollars per month, then the court may order such annuitant to pay to a judgment creditor or apply on the judgment, in installments, such portion of such excess benefits as to the court may appear just and proper, after due regard for the reasonable requirements of the judgment debtor and his family, if dependent upon him, as well as any payments required to be made by the annuitant to other creditors under prior court orders.

Source: SL 1966, ch 111, ch 22, § 32 (1) (c).

Previous Section
§ 58-12-8 Maximum amount of annuity exemption--Excess subject to levy.
Next Section
§ 58-12-10 Benefits, rights, privileges, or options nontransferable under annuity contract--Not subject to commutation--Exemption from execution.