Filing of other financial documents in lieu of bond.

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49-43-5.5. Filing of other financial documents in lieu of bond.

If the Public Utilities Commission determines, because a corporate surety company becomes insolvent or ceases to write grain warehouse bonds in this state, that a bond in the sum required by §49-43-5.3 cannot be executed, the commission may, by rule, authorize the filing of other financial documents in lieu of a corporate surety bond.

Source: SL 1987, ch 355, §2.


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