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Code · South Dakota · Title 61 · Chapter 61-3

61-3-26. Administration fund covered by state treasurer's bond--Deposit of recoveries on bond.

70 words·~1 min read·/sd/title-61/chapter-61-3/61-3-26

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The state treasurer is liable on the state treasurer's official bond for the faithful performance of the treasurer's duties in connection with the employment security administration fund provided for under this chapter. The liability exists in addition to any liability upon any separate bond which may be given. Any sum recovered on any surety bond for losses sustained by the employment security administration fund shall be deposited in the fund.
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