If the dealer at wholesale has become liable to more than one person by reason of breaches of the conditions of the bond and the amount of the bond is insufficient to pay the entire liability to all persons entitled to the protection of the bond, the penalty of the bond as against the sureties shall be apportioned among the several claimants.
S.D. Codified Laws § 40-33-14
Apportionment of bond proceeds when insufficient to satisfy claims
Source: SL 1955, ch 5, § 5; SDC Supp 1960, § 4.2405.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.