S.D. Admin. R. 67:12:05:08

Current through Register Vol. 51, page 57, November 12, 2024

Section 67:12:05:08 - Savings bond considered liquid asset

A savings bond is a liquid asset to the extent of its current value. Unless the applicant or recipient produces clear and convincing evidence to the contrary, a bond held in co-ownership with another shall be considered available to the applicant or recipient when the applicant or recipient is the actual purchaser or has the power to cash the bond.

S.D. Admin. R. 67:12:05:08

SL 1975, ch 16, § 1; 7 SDR 66, 7 SDR 89, effective 7/1/1981; 12 SDR 112, effective 1/16/1986.

General Authority: SDCL 28-7-2.

Law Implemented: SDCL 28-7-4.