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Code · South Dakota · Title 58 · Chapter 58-7

58-7-5. Ineligibility for deposit of securities in default.

41 words·~1 min read·/sd/title-58/chapter-58-7/58-7-5

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If default occurs in the payment of interest or principal of any deposited security and such default continues for a period of one hundred twenty days, the director may declare such security no longer eligible for deposit under § 58-7-1 .
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