S.D. Codified Laws § 58-7-5

Current through the 2024 Legislative Session

Section 58-7-5 - Ineligibility for deposit of securities in default

If default occurs in the payment of interest or principal of any deposited security and such default continues for a period of one hundred twenty days, the director may declare such security no longer eligible for deposit under § 58-7-1.

SDCL 58-7-5

SL 1966, ch 111, ch 7, § 1 (5).