STATUTES

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Chapter 21 - Performance Bonds for Public Improvement Contracts

Section 5-21-1 - Surety bond required--Obligation of prompt payment of laborers and materialmen.
Section 5-21-1.1 - Waiver of performance security requirement on contracts less than certain amount.
Section 5-21-1.2 - Waiver of performance and payment bonds on contracts less than certain amount.
Section 5-21-2 - Public corporation's civil liability for failure to require bond for protection of laborersand materialmen.
Section 5-21-3 - Surety bond to cover use tax liability--Amount of liability.
Section 5-21-4 - Notice of surety bond to secretary of revenue--Termination of surety's liability for useand excise tax.
Section 5-21-5 - Laborers' and materialmen's right to intervene in action against public contractor--Prorata distribution if surety's liability insufficient.
Section 5-21-6 - Action by laborer or materialman on public contractor's bond--Limitation of action--Intervention by other claimants--Costs.
Section 5-21-7 - Pro rata distribution among claimants if bond insufficient--Surety relieved fromliability by payment into court.

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