§ 7-20-10

S.D. Codified Laws § 7-20-10 (2026)

Maximum deposit in one bank.

SL 1897, ch 104 , § 3; RPolC 1903, § 351; SL 1917, ch 204 , § 1; RC 1919, § 6888; SL 1923, ch 297 ; SL 1925, ch 295 ; SL 1929, ch 98 ; SL 1937, ch 79 ; SDC 1939, § 12.0818; SL 1941, ch 29 ; SL 1957, ch 18 ; SL 1959, ch 24 .

No bank at any time shall have on deposit county funds of any one county in excess of one hundred percent of the capital and surplus of such bank.

Source: SL 1897, ch 104 , § 3; RPolC 1903, § 351; SL 1917, ch 204 , § 1; RC 1919, § 6888; SL 1923, ch 297 ; SL 1925, ch 295 ; SL 1929, ch 98 ; SL 1937, ch 79 ; SDC 1939, § 12.0818; SL 1941, ch 29 ; SL 1957, ch 18 ; SL 1959, ch 24 .