Deposit of funds permitted despite bank connection of public officer.

  1. Law
  2. South Dakota Codified Laws
  3. Local Government Generally
  4. Acts and Records of Local Officers
  5. Deposit of funds permitted despite bank connection of public officer.

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6-1-3. Deposit of funds permitted despite bank connection of public officer.

A bank may be designated as the official depository of county, municipal, township, or school district funds, notwithstanding that an officer, director, stockholder, or employee of a bank is an elected or appointed officer or treasurer of such county, municipality, township, or school district.

Source: SDC Supp 1960, §10.0708 as added by SL 1963, ch 30.


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