No release of deposited assets and securities may be made except upon application to and the written order of the director and under the terms of the custodial or depository arrangement. The director is not personally liable for the release of any deposit made by him in good faith.
S.D. Codified Laws § 58-7-38
Release of deposited assets--Terms--Nonliability of director acting in good faith
Source: SL 1966, ch 111, ch 7, § 14 (5); SL 1991, ch 398, § 19.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.