South Dakota § 3-5-5 Premiums on corporate surety bonds.

South Dakota Statutes

§ 3-5-5 — Premiums on corporate surety bonds.

South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-5 OFFICIAL BONDS

Whenever an officer, deputy, or employee of the State of South Dakota, or its subdivisions including counties, school districts, townships, municipal corporations, and all other governmental subdivisions and departments, in furnishing a bond required by law or rules or regulations of any board, or department, or governmental subdivision of this state, shall furnish a bond executed by a surety company legally authorized to transact business in this state, the state or any of its said departments or subdivisions is hereby authorized and required to pay the premium thereon out of its general funds, upon the lawful approval of said bond.

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Whenever an officer, deputy, or employee of the State of South Dakota, or its subdivisions including counties, school districts, townships, municipal corporations, and all other governmental subdivisions and departments, in furnishing a bond required by law or rules or regulations of any board, or department, or governmental subdivision of this state, shall furnish a bond executed by a surety company legally authorized to transact business in this state, the state or any of its said departments or subdivisions is hereby authorized and required to pay the premium thereon out of its general funds, upon the lawful approval of said bond.

South Dakota § 3-5-5 (Premiums on corporate surety bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.