South Dakota Codified Laws > Title 4 > Chapter 6A – Insurance of Public Deposits


§ 4-6A-1	Definitions
§ 4-6A-2	Public deposit protection commission established–Function
§ 4-6A-3	Segregation of collateral by public depository–Value–Deposit and designation–Letters of credit and surety bonds
§ 4-6A-4	Valuation of collateral–Substitution of securities
§ 4-6A-5	Income from collateral
§ 4-6A-6	Information required of depository–Disqualification on failure to provide information
§ 4-6A-7	Reports of public deposits and segregated collateral–False statement as perjury
§ 4-6A-8	Treasurer not liable for loss from authorized deposits
§ 4-6A-9	Public deposits protected by chapter
§ 4-6A-10	Payment to public officers after loss determined–Procedures
§ 4-6A-11	Ascertainment of public deposits and insurance when depository restrained or taken in possession–Certification to public depositors
§ 4-6A-12	Depositors’ statements of deposits to commission
§ 4-6A-13	Losses in depositories–Assessment against public depositories
§ 4-6A-14	Payment of assessments by depositories–Liquidation of collateral on failure to pay
§ 4-6A-15	Reimbursement of public depositors from proceeds of assessments
§ 4-6A-16	Actions for protection or settlement of claims
§ 4-6A-17	Fixing date of loss
§ 4-6A-19	Subrogation of commission to depositors’ claims–Apportionment of amounts recovered–Refund of assessments–Expenses of liquidation
§ 4-6A-20	Rules of commission
§ 4-6A-21	Citation of chapter

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In South Dakota Codified Laws > Title 4 > Chapter 6A - Insurance of Public Deposits

Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Conviction: A judgement of guilt against a criminal defendant.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}
National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) ^{Source: OCC}
Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2