2014 South Dakota Codified Laws
Title 40 - ANIMALS AND LIVESTOCK
Chapter 33 - Dealers In Poultry, Eggs And Dairy Products
§ 40-33-14 Apportionment of bond proceeds when insufficient to satisfy claims.
40-33-14. Apportionment of bond proceeds when insufficient to satisfy claims. If the dealer at wholesale has become liable to more than one person by reason of breaches of the conditions of the bond and the amount of the bond is insufficient to pay the entire liability to all persons entitled to the protection of the bond, the penalty of the bond as against the sureties shall be apportioned among the several claimants.
Source: SL 1955, ch 5, § 5; SDC Supp 1960, § 4.2405.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
