South Dakota Statutes
§ 36-21D-13 — Maintenance of surety bond or irrevocable letter of credit.
South Dakota § 36-21D-13
This text of South Dakota § 36-21D-13 (Maintenance of surety bond or irrevocable letter of credit.) 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 § 36-21D-13 (2026).
Text
An appraisal management company shall continuously maintain the surety bond or irrevocable letter of credit required by § 36-21D-12 on file with the Department of Labor and Regulation in the amount of twenty-five thousand dollars for the exclusive purpose of payment of the obligations listed in subdivision 36-21D-12(1). Upon termination, cancellation, or reduction of the surety bond or irrevocable letter of credit to less than twenty-five thousand dollars, the registered appraisal management company shall file a replacement surety bond or irrevocable letter of credit within the time period established by the department by rule or surrender the company's registration to the department and cease operating as an appraisal management company.
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Legislative History
SL 2014, ch 184, § 2.
Nearby Sections
15
§ 36-10-17.1
Physical Therapist Licensure Compact.§ 36-10-18
Definitions.§ 36-10-18.1
Practice of physical therapy--Description.§ 36-10-18.2
§ 36-10-18.2§ 36-10-18.3
State Board of Physical Therapy--Creation.§ 36-10-18.4
State Board of Physical Therapy--Membership.§ 36-10-18.5
State Board of Physical Therapy--Terms--Vacancy.§ 36-10-18.6
State Board of Physical Therapy--Member removal.§ 36-10-19
§ 36-10-19Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 36-21D-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/36-21D-13.