South Dakota Statutes

§ 36-13-16 — Financial standing of personal sureties on bond--Investigation and property statements.

South Dakota § 36-13-16
JurisdictionSouth Dakota
Title 36PROFESSIONS AND OCCUPATIONS
Ch. 36-13ABSTRACTERS OF TITLE

This text of South Dakota § 36-13-16 (Financial standing of personal sureties on bond--Investigation and property statements.) 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 § 36-13-16 (2026).

Text

If a personal surety bond is given under § 36-13-15 , there shall be at least three sureties, each of whom shall justify for the full amount of the bond as a resident and freeholder of this state having unencumbered property in excess of all debts, liabilities, and exemptions allowed by law. The board shall investigate the financial condition of all sureties at least once each year by requiring verified property statements and by such other methods as it may deem advisable. The board may require additional property statements from sureties at any time it may elect.

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Legislative History

SDC 1939, § 1.0107; SL 2008, ch 195, § 21.

Nearby Sections

15
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Bluebook (online)
South Dakota § 36-13-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/36-13-16.