Any warrant that has not been presented for payment at any time within the one hundred eighty-day period from the date on which the warrant was issued by the holder or owner of such warrant shall be canceled by the state auditor and a record kept showing that the original has been canceled.

Source: SL 1941, ch 327 , § 3; SL 1953, ch 291 , § 2; SDC Supp 1960, § 55.2507; SL 1970, ch 31 , § 4; SL 1985, ch 33 , § 2; SL 1988, ch 47 , § 4.