South Dakota § 13-16-15.1 Domestic savings and loan associations as official depositories--Restrictions.

South Dakota Statutes

§ 13-16-15.1 — Domestic savings and loan associations as official depositories--Restrictions.

South Dakota § 13-16-15.1

Title 13EDUCATION

Ch. 13-15ASCHOOL DISTRICT FUNDS AND ACCOUNTS

This text of South Dakota § 13-16-15.1 (Domestic savings and loan associations as official depositories--Restrictions.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 13-16-15.1 (2026).

Text

Domestic savings and loan associations whether chartered by this state or by the United States are official depositories for school district funds; provided such funds are invested only in the accounts of such associations which are insured by the federal Savings and Loan Insurance Corporation. The amount so invested in any one association may not exceed the amount which is covered by such insurance unless such association qualifies as a savings and loan depository as provided by chapter 4-6A .

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Domestic savings and loan associations whether chartered by this state or by the United States are official depositories for school district funds; provided such funds are invested only in the accounts of such associations which are insured by the federal Savings and Loan Insurance Corporation. The amount so invested in any one association may not exceed the amount which is covered by such insurance unless such association qualifies as a savings and loan depository as provided by chapter 4-6A .