South Dakota § 7-20-14 Active depositories not limited by maximum amount--Authority to exceed statutory maximum.

South Dakota Statutes

§ 7-20-14 — Active depositories not limited by maximum amount--Authority to exceed statutory maximum.

South Dakota·Title 7 COUNTIES·Ch. 7-20 DEPOSIT OF COUNTY FUNDS

The limit of deposit which may be carried or deposited in any bank by the county treasurer, as provided in § 7-20-10 , does not apply to any bank designated as active depositories. However, no county treasurer may deposit in a bank more than the limit provided for by § 7-20-10 unless the county treasurer receives express authority from the board of county commissioners evidenced by a resolution of such board authorizing the deposit of a greater amount.

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The limit of deposit which may be carried or deposited in any bank by the county treasurer, as provided in § 7-20-10 , does not apply to any bank designated as active depositories. However, no county treasurer may deposit in a bank more than the limit provided for by § 7-20-10 unless the county treasurer receives express authority from the board of county commissioners evidenced by a resolution of such board authorizing the deposit of a greater amount.

South Dakota § 7-20-14 (Active depositories not limited by maximum amount--Authority to exceed statutory maximum.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.