Statutes, codes, and regulations
South Dakota Codified Laws
Title 4 - PUBLIC FISCAL ADMINISTRATION
Chapter 5 - CUSTODY AND INVESTMENT OF STATE FUNDS
Section 4-5-31 - Physical custody of securities purchased-Deposit with fiscal agent

S.D. Codified Laws § 4-5-31

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Current through the 2024 Legislative Session
Section 4-5-31 - Physical custody of securities purchased-Deposit with fiscal agent

All securities purchased shall be in the physical custody of the state treasurer who may, with the approval of the State Investment Council, deposit with a fiscal agent the securities as he shall consider advisable to be held in safekeeping by said agent for collection of principal and interest.

SDCL 4-5-31

SL 1971, ch 27, § 23.