South Dakota § 51A-17-98 Payroll processing services requirements.

South Dakota Statutes

§ 51A-17-98 — Payroll processing services requirements.

South Dakota·Title 51A BANKS AND BANKING·Ch. 51A-16 MONEY TRANSMISSION

(1)A licensee that provides payroll processing services must:

(a)Issue reports to clients detailing client payroll obligations in advance of the payroll funds being deducted from an account; and (b) Make available worker paystubs or an equivalent statement to workers.

(2)Subdivision (1) of this section does not apply to a licensee providing payroll processing services where the licensee’s client designates the intended recipients to the licensee and is responsible for providing the disclosures required by subsection 1(b) of this section.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A licensee that provides payroll processing services must: (a) Issue reports to clients detailing client payroll obligations in advance of the payroll funds being deducted from an account; and (b) Make available worker paystubs or an equivalent statement to workers. (2) Subdivision (1) of this section does not apply to a licensee providing payroll processing services where the licensee’s client designates the intended recipients to the licensee and is responsible for providing the disclosures required by subsection 1(b) of this section.

South Dakota § 51A-17-98 (Payroll processing services requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.