The secretary may review evidence provided by a licensee or applicant for license which demonstrates that the licensee's financial condition warrants a decrease in the bond amount or waiver of the bond. If the secretary determines that a decrease in the bond amount or waiver of the bond is warranted, the secretary may order a decrease in the bond amount or waive the requirement.
S.D. Codified Laws § 10-47B-88
Decrease in bond amount, or waiver of bond, upon demonstration of financial condition
Source: SL 1995, ch 71, § 88; SL 1996, ch 90, § 26.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.