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Statutes > South Dakota Laws > Title 4 - PUBLIC FISCAL ADMINISTRATION > Chapter 06A - Insurance of Public Deposits > Section 4-6A-15 - Reimbursement of public depositors from proceeds of assessments.

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SOUTH DAKOTA STATUTES AND CODES

Section 4-6A-15 - Reimbursement of public depositors from proceeds of assessments.

4-6A-15. Reimbursement of public depositors from proceeds of assessments. Upon receipt of assessment payments under § 4-6A-14, the Public Deposit Protection Commission shall reimburse the public depositors of the qualified public depository in which the loss occurred to the extent of the depository's net deposit liability to them.

Source: SL 1974, ch 39, § 9 (5); SL 1986, ch 44, § 10.

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