7-20-1.2. Domestic federal credit union as official depository--Requirement.
Any domestic federal credit union chartered by the United States is a qualified public depository for county funds if such funds are invested in accounts which are insured by the National Credit Union Administration.
Source: SL 1987, ch 71, ยง1.
Structure South Dakota Codified Laws
Chapter 20 - Deposit Of County Funds
Section 7-20-1 - Banks eligible for deposits--Application for deposit.
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 7-20-10 - Maximum deposit in one bank.