Statutes, codes, and regulations
South Dakota Codified Laws
Title 4 - PUBLIC FISCAL ADMINISTRATION
Chapter 6A - INSURANCE OF PUBLIC DEPOSITS
Section 4-6A-19 - Subrogation of commission to depositors' claims-Apportionment of amounts recovered-Refund of assessments-Expenses of liquidation

S.D. Codified Laws § 4-6A-19

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Current through the 2024 Legislative Session
Section 4-6A-19 - Subrogation of commission to depositors' claims-Apportionment of amounts recovered-Refund of assessments-Expenses of liquidation

Upon payment to any public depositor, the public deposit protection commission is subrogated to all of such depositor's right, title and interest against the qualified public depository in which the loss occurred. If the commission incurs expense in enforcing any such claim, the amount shall be paid as a liquidation expense of the depository in which the loss occurred.

SDCL 4-6A-19

SL 1974, ch 39, § 10; SL 1986, ch 44, § 19.