South Dakota Statutes

§ 62-5-13 — Deposit of certificate of deposit or government securities.

South Dakota § 62-5-13
JurisdictionSouth Dakota
Title 62WORKERS' COMPENSATION
Ch. 62-5INSURANCE AND SECURITY FOR PAYMENTS

This text of South Dakota § 62-5-13 (Deposit of certificate of deposit or government securities.) 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 § 62-5-13 (2026).

Text

Certificates of deposit or approved government securities shall be deposited on behalf of the department by the self-insured employer with the state treasurer or a financial institution approved by the department. Certificates of deposit or approved government securities shall be accepted by the state treasurer for deposit and shall be withdrawn only upon written order of the secretary of the Department of Labor and Regulation. Interest or gains earned on any certificate security, or deposit shall be paid to the self-insurer at least annually.

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Legislative History

SL 1989, ch 453, § 5; SL 2011, ch 1 (Ex. Ord.

Nearby Sections

15
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Bluebook (online)
South Dakota § 62-5-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/62-5-13.