Statutes, codes, and regulations
South Dakota Administrative Rules
Title 6 - State TreasurerArticle 6:02 - Public deposit protection commission
Chapter 6:02:02 - Collateral segregation
Section 6:02:02:06.03 - Pledging certificates of deposit as eligible collateral

S.D. Admin. R. 6:02:02:06.03

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Current through Register Vol. 51, page 67, December 16, 2024
Section 6:02:02:06.03 - Pledging certificates of deposit as eligible collateral

A certificate of deposit purchased from another institution and held as an asset of the qualified public depository may be pledged to the commission up to the amount of deposit insurance if the certificate of deposit is deposited with a custodian according to the requirements in § 6:02:02:06.

S.D. Admin. R. 6:02:02:06.03

42 SDR 51, effective 10/13/2015

General Authority: SDCL 4-6A-20.

Law Implemented: SDCL 4-6A-3.