7-20-10. Maximum deposit in one bank.
No bank at any time shall have on deposit county funds of any one county in excess of one hundred percent of the capital and surplus of such bank.
Source: SL 1897, ch 104, §3; RPolC 1903, §351; SL 1917, ch 204, §1; RC 1919, §6888; SL 1923, ch 297; SL 1925, ch 295; SL 1929, ch 98; SL 1937, ch 79; SDC 1939, §12.0818; SL 1941, ch 29; SL 1957, ch 18; SL 1959, ch 24.