No bank at any time shall have on deposit county funds of any one county in excess of one hundred percent of the capital and surplus of such bank.
S.D. Codified Laws § 7-20-10
Maximum deposit in one bank
Source: SL 1897, ch 104, § 3; RPolC 1903, § 351; SL 1917, ch 204, § 1; RC 1919, § 6888; SL 1923, ch 297; SL 1925, ch 295; SL 1929, ch 98; SL 1937, ch 79; SDC 1939, § 12.0818; SL…
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.