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Home » US Law » 2022 South Dakota Codified Laws » Title 4 - Public Fiscal Administration » Chapter 06A - Insurance Of Public Deposits » Section 4-6A-4 – Valuation of collateral–Substitution of securities.

4-6A-4. Valuation of collateral–Substitution of securities.

Securities eligible as collateral shall be valued at face value or market value, whichever is less. A qualified public depository may make substitutions of eligible collateral at any time and shall notify the public deposit protection commission of such change immediately.

Source: SL 1923, ch 281, §1; SL 1925, ch 281, §1; SL 1927, ch 196, §1; SL 1933 (SS), ch 16, §1; SDC 1939, §55.2402; SL 1939, ch 208, §2; SL 1941, ch 302; SDCL, §4-6-11; SL 1974, ch 39, §7; SL 1986, ch 44, §3.