South Dakota Codified Laws
Chapter 20 - Deposit Of County Funds
Section 7-20-10 - Maximum deposit in one bank.

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

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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.