South Dakota § 58-17E-21 - Deposit in lieu of surety bond.
Full text of South Dakota South Dakota Codified Laws § 58-17E-21 — Deposit in lieu of surety bond., with citation guidance and answers to common questions.
§ 58-17E-21. Deposit in lieu of surety bond.
In lieu of the bond required by § 58-17E-20, a registered discount medical plan organization may deposit and maintain deposited with the director, or at the discretion of the director, with any organization or trustee acceptable to the director through which a custodial or controlled account is utilized, cash, securities, or any combination of these or other measures that are acceptable to the director which at all times have a market value of not less than thirty-five thousand dollars. All income from the deposit is an asset of the discount medical plan organization.
Source: SL 2006, ch 257, § 21.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-17E-21
What does South Dakota Codified Laws § 58-17E-21 cover?
Section 58-17E-21 ("Deposit in lieu of surety bond.") 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 § 58-17E-21?
A common citation format is "South Dakota Codified Laws § 58-17E-21" (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 § 58-17E-21 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.