South Dakota Statutes
§ 40-33-14 — Apportionment of bond proceeds when insufficient to satisfy claims.
If the dealer at wholesale has become liable to more than one person by reason of breaches of the conditions of the bond and the amount of the bond is insufficient to pay the entire liability to all persons entitled to the protection of the bond, the penalty of the bond as against the sureties shall be apportioned among the several claimants.
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South Dakota § 40-33-14 (Apportionment of bond proceeds when insufficient to satisfy claims.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1955, ch 5, § 5; SDC Supp 1960, § 4.2405.
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