South Dakota § 34-12-15.3 Deposit in bank of residents' funds not kept at nursing facility--Public facility to deposit with state treasurer.

South Dakota Statutes

§ 34-12-15.3 — Deposit in bank of residents' funds not kept at nursing facility--Public facility to deposit with state treasurer.

South Dakota § 34-12-15.3

Title 34PUBLIC HEALTH AND SAFETY

Ch. 34-11BREGULATION OF HOSPITALS AND RELATED INSTITUTIONS

This text of South Dakota § 34-12-15.3 (Deposit in bank of residents' funds not kept at nursing facility--Public facility to deposit with state treasurer.) 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 § 34-12-15.3 (2026).

Text

Residents' moneys in excess of fifty dollars shall be deposited in a local financial institution authorized to do business in South Dakota in an interest bearing demand trust account that is separate from any of the facility's operating accounts and credits all interest earned on such account to such account. However, a public agency which is subject to §§ 34-12-15.1 to 34-12-15.10 , inclusive, shall deposit such funds with the state treasurer in the appropriate trust and agency account for the facility.

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Residents' moneys in excess of fifty dollars shall be deposited in a local financial institution authorized to do business in South Dakota in an interest bearing demand trust account that is separate from any of the facility's operating accounts and credits all interest earned on such account to such account. However, a public agency which is subject to §§ 34-12-15.1 to 34-12-15.10 , inclusive, shall deposit such funds with the state treasurer in the appropriate trust and agency account for the facility.