35-5-7.1. Cancellation of bond by surety--Revocation of license.
The surety may cancel the bond required by §35-5-7 as to future liability by giving thirty days' written notice to the department and the licensee. Unless the licensee gives other sufficient security by the end of the thirty-day period, the licensee's license shall be revoked.
Source: SDC 1939, §5.0307 as added by SL 1959, ch 12; SL 1963, ch 11; SL 1965, ch 16; SDCL §§35-4-37, 35-6-19; SL 1971, ch 211, §84; SL 2008, ch 37, §186.