4-6A-11. Ascertainment of public deposits and insurance when depository restrained or taken in possession--Certification to public depositors.
For the purposes of determining the sums to be paid pursuant to §4-6A-10, the Public Deposit Protection Commission shall, within twenty days after issuance of a restraining order or the taking of possession of any qualified public depository, ascertain the amount of public funds on deposit therein as disclosed by its record and the accounts thereof insured by deposit insurance and certify such insured accounts to each such public depositor.
Source: SL 1974, ch 39, §9 (1); SL 1982, ch 45, §1F; SL 1986, ch 44, §8; SL 1986, ch 45, §7; SL 1987, ch 45, §7.
Structure South Dakota Codified Laws
Title 4 - Public Fiscal Administration
Chapter 06A - Insurance Of Public Deposits
Section 4-6A-2 - Public deposit protection commission established--Function.
Section 4-6A-4 - Valuation of collateral--Substitution of securities.
Section 4-6A-5 - Income from collateral.
Section 4-6A-7 - Reports of public deposits and segregated collateral--False statement as perjury.
Section 4-6A-8 - Treasurer not liable for loss from authorized deposits.
Section 4-6A-9 - Public deposits protected by chapter.
Section 4-6A-10 - Payment to public officers after loss determined--Procedures.
Section 4-6A-12 - Depositors' statements of deposits to commission.
Section 4-6A-13 - Losses in depositories--Assessment against public depositories.
Section 4-6A-15 - Reimbursement of public depositors from proceeds of assessments.
Section 4-6A-16 - Actions for protection or settlement of claims.
Section 4-6A-17 - Fixing date of loss.