3-5-6. Limitation of liability by surety.
Any surety on any official bond running to the state or any county, may limit his liability by inserting after his name the words "not to exceed" naming the amount to which he desires to limit his liability. Any surety may also limit its or his liability as to time by inserting in the bond a provision that it or he shall not be liable for any acts of the principal prior to the date of the bond.
Source: SL 1907, ch 79; RC 1919, §7039; SL 1929, ch 206, §1; SDC 1939, §48.0307.
Structure South Dakota Codified Laws
Title 3 - Public Officers and Employees
Section 3-5-1 - Bonds of state officers and employees--Approval, recording, and safekeeping.
Section 3-5-2 - Bonds of county officers--Approval and filing.
Section 3-5-3 - Amount of bonds.
Section 3-5-4 - Sureties on bonds.
Section 3-5-5 - Premiums on corporate surety bonds.
Section 3-5-5.1 - Blanket or individual bonds for state officers and employees.
Section 3-5-6 - Limitation of liability by surety.
Section 3-5-7 - Reelected incumbent to account for funds and property before new bond approved.
Section 3-5-8 - Endorsement of approval of bonds.
Section 3-5-9 - Recording of bonds of county and precinct officers.
Section 3-5-12 - New bond or restoration of bond becoming insufficient.