South Dakota § 5-21-4 Notice of surety bond to secretary of revenue--Termination of surety's liability for use and excise tax.

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 § 5-21-4

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-21PERFORMANCE BONDS FOR PUBLIC IMPROVEMENT CONTRACTS

This text of South Dakota § 5-21-4 (Notice of surety bond to secretary of revenue--Termination of surety's liability for use and excise tax.) 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 § 5-21-4 (2026).

Text

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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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.