South Dakota Statutes
§ 5-21-4 — Notice of surety bond to secretary of revenue--Termination of surety's liability for use and excise tax.
South Dakota·Title 5 PUBLIC PROPERTY, PURCHASES AND CONTRACTS·Ch. 5-21 PERFORMANCE BONDS FOR PUBLIC IMPROVEMENT CONTRACTS
The surety within sixty days after entering into such performance bond shall send notice of the bond to the secretary of revenue. Six months after the completion of the contract and the acceptance of the improvement by the owner thereof, the additional obligation imposed upon the surety shall cease unless written notice, within such period of time, of unpaid use taxes and contractors' excise taxes, is given to the surety by the secretary of revenue.
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South Dakota § 5-21-4 (Notice of surety bond to secretary of revenue--Termination of surety's liability for use and excise tax.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1957, ch 479, § 2; SDC Supp 1960, § 65.0702-1; SL 1992, ch 48, § 2.