S.D. Codified Laws § 40-33-14

Current through the 2024 Legislative Session
Section 40-33-14 - Apportionment of bond proceeds when insufficient to satisfy claims

If the dealer at wholesale has become liable to more than one person by reason of breaches of the conditions of the bond and the amount of the bond is insufficient to pay the entire liability to all persons entitled to the protection of the bond, the penalty of the bond as against the sureties shall be apportioned among the several claimants.

SDCL 40-33-14

SL 1955, ch 5, § 5; SDC Supp 1960, § 4.2405.