Sections 4-5-31, 4-5-32 - Physical custody of securities purchased--Deposit with fiscal agent. Monthly report to investment council--Contents--Public inspection - South Dakota Statutes

4-5-31. Physical custody of securities purchased--Deposit with fiscal agent. All securities purchased shall be in the physical custody of the state treasurer who may, with the approval of the State Investment Council, deposit with a fiscal agent the securities as he shall consider advisable to be held in safekeeping by said agent for collection of principal and interest.

Source: SL 1971, ch 27, § 23.