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Code · South Dakota · Title 58 · Chapter 58-22

58-22-30. Acceptance of anything of value from principal except premium as misdemeanor--Collateral security or indemnity permitted.

71 words·~1 min read·/sd/title-58/chapter-58-22/58-22-30

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

No bail bondsperson or runner may accept anything of value from a principal except the premium. However, the bondsperson may accept collateral security or other indemnity from the principal which shall be returned upon final termination of liability on the bond. Such collateral security or other indemnity required by the bondsperson shall be reasonable in relation to the amount of the bond. Violation of this section is a Class 1 misdemeanor.
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