7-20-3. Deposit permitted despite interest of county official.
A bank may be selected as a depository for the keeping of county funds notwithstanding a county official may be a stockholder or officer therein, nor shall such action constitute a crime on the part of such county official.
Source: SL 1923, ch 297; SL 1925, ch 295; SL 1929, ch 98; SL 1937, ch 79; SDC 1939, §12.0818; SL 1941, ch 29, §1; SL 1957, ch 18, §1; SL 1959, ch 24, §1.
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.