S.D. Admin. R. 6:02:02:07
Current through Register Vol. 51, page 67, December 16, 2024
No collateral pledged to secure public deposits may be left for safekeeping in a safe deposit vault owned or controlled directly or indirectly by the qualified public depository securing the public deposits. No security in safekeeping or any portion of a security in safekeeping and being called may be released; no surety bond in writing may be canceled, terminated, or surrendered for reissuance; and no letter of credit may be released or transferred without the written consent of the state treasurer and the authorized officer or employee of the qualified public depository.
S.D. Admin. R. 6:02:02:07
General Authority: SDCL 4-6A-20.
Law Implemented: SDCL 4-6A-3 to 4-6A-5.