7-20-14. Active depositories not limited by maximum amount--Authority to exceed statutory maximum.
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/sd/title-7/chapter-7-20/7-20-14A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The limit of deposit which may be carried or deposited in any bank by the county treasurer, as provided in § 7-20-10 , does not apply to any bank designated as active depositories. However, no county treasurer may deposit in a bank more than the limit provided for by § 7-20-10 unless the county treasurer receives express authority from the board of county commissioners evidenced by a resolution of such board authorizing the deposit of a greater amount.