South Dakota Codified Laws
Chapter 20 - Deposit Of County Funds
Section 7-20-1 - Banks eligible for deposits--Application for deposit.

7-20-1. Banks eligible for deposits--Application for deposit.
The county treasurer shall deposit and at all times keep on deposit the money in state or national banks within the state. A bank may apply for the privilege of keeping the county funds and shall state in the application the amount of money desired. If bond or securities are segregated as provided in §4-6A-3, the board of county commissioners shall approve the application.

Source: SL 1897, ch 104, §1; RPolC 1903, §349; 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; SL 1974, ch 39, §13; SL 1976, ch 72; SL 2016, ch 44, §54; SL 2017, ch 54, §1.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 7 - Counties

Chapter 20 - Deposit Of County Funds

Section 7-20-1 - Banks eligible for deposits--Application for deposit.

Section 7-20-1.1 - Savings and loan associations as official depositories--Requirements--Maximum amount.

Section 7-20-1.2 - Domestic federal credit union as official depository--Requirement.

Section 7-20-3 - Deposit permitted despite interest of county official.

Section 7-20-9 - Forms of deposit--Crediting of interest from deposits--Signatures required on checks.

Section 7-20-10 - Maximum deposit in one bank.

Section 7-20-12 - Removal of officer neglecting to comply--Treasurer not liable for loss of money deposited in compliance.

Section 7-20-13 - Selection of active depositories.

Section 7-20-14 - Active depositories not limited by maximum amount--Authority to exceed statutory maximum.