Section 7-20-14 - Active depositories not limited by maximum amount--Authority to exceed statutorymaximum. - South Dakota Statutes

7-20-14. Active depositories not limited by maximum amount--Authority to exceed statutory maximum. The limit of deposit which may be carried or deposited in any such bank by the county treasurer, as provided in § 7-20-10, shall not apply to banks designated as active depositories; provided however, that in no event shall the county treasurer deposit in such banks more than the limit provided for by § 7-20-10 unless he shall first receive express authority from the board of county commissioners evidenced by a resolution of such board, duly entered, authorizing the deposit of a greater amount.

Source: SL 1927, ch 80, § 1; SDC 1939, § 12.0819.