South Dakota Statutes

§ 4-5-31 — Physical custody of securities purchased--Deposit with fiscal agent.

South Dakota·Title 4 PUBLIC FISCAL ADMINISTRATION·Ch. 4-3 CUSTODY AND INVESTMENT OF STATE FUNDS
All securities purchased shall be in the physical custody of the state treasurer who may, with the approval of the State Investment Council, deposit with a fiscal agent the securities as he shall consider advisable to be held in safekeeping by said agent for collection of principal and interest.

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South Dakota § 4-5-31 (Physical custody of securities purchased--Deposit with fiscal agent.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1971, ch 27, § 23.

Nearby Sections

15
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