South Dakota Statutes

§ 58-22-30 — Acceptance of anything of value from principal except premium as misdemeanor--Collateral security or indemnity permitted.

South Dakota § 58-22-30
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-21BAIL BONDSPERSONS

This text of South Dakota § 58-22-30 (Acceptance of anything of value from principal except premium as misdemeanor--Collateral security or indemnity permitted.) 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 § 58-22-30 (2026).

Text

No bail bondsperson or runner may accept anything of value from a principal except the premium. However, the bondsperson may accept collateral security or other indemnity from the principal which shall be returned upon final termination of liability on the bond. Such collateral security or other indemnity required by the bondsperson shall be reasonable in relation to the amount of the bond. Violation of this section is a Class 1 misdemeanor.

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Legislative History

SL 1966, ch 111, ch 31, §§ 15 (6), 27; SDCL, §

Nearby Sections

15
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Bluebook (online)
South Dakota § 58-22-30, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-22-30.