Domestic federal credit union as public depository--Requirement.

  1. Law
  2. South Dakota Codified Laws
  3. Education
  4. School District Funds And Accounts
  5. Domestic federal credit union as public depository--Requirement.

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13-16-18.1. Domestic federal credit union as public depository--Requirement.

Any domestic federal credit union chartered by the United States is a qualified public depository for school district funds if such funds are invested in accounts which are insured by the National Credit Union Administration.

Source: SL 1987, ch 71, §3; SL 1988, ch 27, §2.


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