South Dakota Codified Laws
Chapter 06A - Insurance Of Public Deposits
Section 4-6A-11 - Ascertainment of public deposits and insurance when depository restrained or taken in possession--Certification to public depositors.

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

South Dakota Codified Laws

Title 4 - Public Fiscal Administration

Chapter 06A - Insurance Of Public Deposits

Section 4-6A-1 - Definitions.

Section 4-6A-2 - Public deposit protection commission established--Function.

Section 4-6A-3 - Segregation of collateral by public depository--Value--Deposit and designation--Letters of credit and surety bonds.

Section 4-6A-4 - Valuation of collateral--Substitution of securities.

Section 4-6A-5 - Income from collateral.

Section 4-6A-6 - Information required of depository--Disqualification on failure to provide information.

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-11 - Ascertainment of public deposits and insurance when depository restrained or taken in possession--Certification to public depositors.

Section 4-6A-12 - Depositors' statements of deposits to commission.

Section 4-6A-13 - Losses in depositories--Assessment against public depositories.

Section 4-6A-14 - Payment of assessments by depositories--Liquidation of collateral on failure to pay.

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.

Section 4-6A-19 - Subrogation of commission to depositors' claims--Apportionment of amounts recovered--Refund of assessments--Expenses of liquidation.

Section 4-6A-20 - Rules of commission.

Section 4-6A-21 - Citation of chapter.