There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 46A WATER MANAGEMENT
Chapter 07A. Cendak Irrigation District
§46A-7A-146 Deposit of district funds.
SD Codified L § 46A-7A-146 (through 2012) What's This?
46A-7A-146. Deposit of district funds. All funds belonging to the district, other than funds deposited with trustees or fiscal agents for payment of the principal of and interest on bonds of the district, shall be deposited by the treasurer in any bank within the state. The bank shall be designated by the board. If no depository is designated, the treasurer shall select a bank as a depository for the funds. Deposit of the funds relieves the district treasurer from personal liability for loss of deposited funds through the insolvency or failure of the depository while funds are deposited pursuant to this section.
Source: SL 1985, ch 360, § 146; SL 2011, ch 165, § 459.
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