South Dakota Statutes
§ 5-18B-12 — Bond or deposit of securities in lieu of retention of sums due for work performed.
South Dakota § 5-18B-12
JurisdictionSouth Dakota
Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Ch. 5-18PROCUREMENT OF PUBLIC IMPROVEMENTS
This text of South Dakota § 5-18B-12 (Bond or deposit of securities in lieu of retention of sums due for work performed.) 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 § 5-18B-12 (2026).
Text
The purchasing agency may include in any contract for a public improvement provisions for a bond or the deposit of securities in lieu of sums retained from payments due a contractor for work performed pursuant to the terms of the contract. The contract document shall state the types of bond or securities to be accepted and the procedural requirements for the deposits.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 2010, ch 31, § 51.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 5-18B-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/5-18B-12.