S.D. Codified Laws § 61-5A-16

Current through the 2024 Legislative Session
Section 61-5A-16 - Liability of surety on bond on failure of organization to pay

Failure by any organization covered by a bond required by § 61-5A-12 to pay the full amount of payments in lieu of contributions when due, together with any applicable interest and penalties provided for in § 61-5A-33, shall render the surety liable on said bond to the extent of the bond, as though the surety was such organization.

SDCL 61-5A-16

SL 1971, ch 276, § 68.