§23-4C-6. Novation to the successor of the commission.
Upon the termination of the commission, all assets,
obligations and liabilities resulting from this article are
transferred to the successor of the commission. Thereafter, the
company shall offer insurance to provide for the benefits required
by this article until at least the thirtieth day of June, two
thousand eight. The State Treasurer and all other departments,
agencies and boards shall cooperate to ensure this novation occurs
in an expedient and orderly fashion.