In the discretion of the department, any nonprofit organization or group of organizations that elects to become liable for payments in lieu of contributions shall be required within thirty days after the effective date of its election, to execute and file with the department a surety bond approved by the department.
S.D. Codified Laws § 61-5A-12
Surety bond required of organization paying in lieu of contributions
Source: SL 1971, ch 276, § 66.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.