South Dakota § 5-18B-4 - Surety bond or insurance contract required in bid, in contract, or by law.
Full text of South Dakota South Dakota Codified Laws § 5-18B-4 — Surety bond or insurance contract required in bid, in contract, or by law., with citation guidance and answers to common questions.
§ 5-18B-4. Surety bond or insurance contract required in bid, in contract, or by law.
No purchasing agency may, directly or indirectly, require or direct a bidder on any public improvement contract that is about to be or has been competitively bid to obtain from a particular insurer or insurance producer any surety bond or contract of insurance required in the bid or contract or required by any law, ordinance, or rule. However, the surety insurer shall be an authorized insurer under Title 58. Nothing in this section prevents any purchasing agency from exercising the right to approve or reject a surety bond or contract of insurance as to its form or sufficiency.
Source: SL 2010, ch 31, § 43.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 5-18B-4
What does South Dakota Codified Laws § 5-18B-4 cover?
Section 5-18B-4 ("Surety bond or insurance contract required in bid, in contract, or by law.") 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 § 5-18B-4?
A common citation format is "South Dakota Codified Laws § 5-18B-4" (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 § 5-18B-4 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.