South Dakota § 40-33-14 - Apportionment of bond proceeds when insufficient to satisfy claims.
Full text of South Dakota South Dakota Codified Laws § 40-33-14 — Apportionment of bond proceeds when insufficient to satisfy claims., with citation guidance and answers to common questions.
§ 40-33-14. Apportionment of bond proceeds when insufficient to satisfy claims.
If the dealer at wholesale has become liable to more than one person by reason of breaches of the conditions of the bond and the amount of the bond is insufficient to pay the entire liability to all persons entitled to the protection of the bond, the penalty of the bond as against the sureties shall be apportioned among the several claimants.
Source: SL 1955, ch 5, § 5; SDC Supp 1960, § 4.2405.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 40-33-14
What does South Dakota Codified Laws § 40-33-14 cover?
Section 40-33-14 ("Apportionment of bond proceeds when insufficient to satisfy claims.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 40-33-14?
A common citation format is "South Dakota Codified Laws § 40-33-14" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 40-33-14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.