Reimbursement of public depositors from proceeds of assessments.

  1. Law
  2. South Dakota Codified Laws
  3. Public Fiscal Administration
  4. Insurance Of Public Deposits
  5. Reimbursement of public depositors from proceeds of assessments.

Checkout our iOS App for a better way to browser and research.

4-6A-15. Reimbursement of public depositors from proceeds of assessments.

Upon receipt of assessment payments under §4-6A-14, the Public Deposit Protection Commission shall reimburse the public depositors of the qualified public depository in which the loss occurred to the extent of the depository's net deposit liability to them.

Source: SL 1974, ch 39, §9 (5); SL 1986, ch 44, §10.


Download our app to see the most-to-date content.