South Dakota Statutes

§ 7-20-10 — Maximum deposit in one bank.

South Dakota·Title 7 COUNTIES·Ch. 7-20 DEPOSIT OF COUNTY FUNDS
No bank at any time shall have on deposit county funds of any one county in excess of one hundred percent of the capital and surplus of such bank.

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Legislative History

SL 1897, ch 104, § 3; RPolC 1903, § 351; SL 1917, ch 204, § 1; RC 1919, § 6888; SL 1923, ch 297; SL 1925, ch 295; SL 1929, ch 98; SL 1937, ch 79; SDC 1939, § 12.0818; SL 1941, ch 29; SL 1957, ch 18; SL 1959, ch 24.

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