South Dakota Statutes

§ 37-26-4 — Loss covered by bond--Filing and approval of bond--Action on bond.

South Dakota § 37-26-4
JurisdictionSouth Dakota
Title 37TRADE REGULATION
Ch. 37-26BUYING CLUBS

This text of South Dakota § 37-26-4 (Loss covered by bond--Filing and approval of bond--Action on bond.) 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 § 37-26-4 (2026).

Text

The bond required by § 37-26-3 shall be in favor of the state for the benefit of any member who suffers loss of any prepayment made pursuant to a contract entered into after March 27, 1975, due to insolvency of the club or the cessation of business by the club. The bond shall be filed with, and approved by, the attorney general. Any person claiming against the bond may maintain an action at law against the club and the surety.

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Legislative History

SL 1975, ch 246, § 8; SL 1987, ch 29, § 52.

Nearby Sections

15
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Bluebook (online)
South Dakota § 37-26-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/37-26-4.