South Dakota § 58-22-24 - Deposit by professional bondsman with director--Amount--Law governing--Waiver for person authorized to countersign for bail bondsman.
Full text of South Dakota South Dakota Codified Laws § 58-22-24 — Deposit by professional bondsman with director--Amount--Law governing--Waiver for person authorized to countersign for bail bondsman., with citation guidance and answers to common questions.
§ 58-22-24. Deposit by professional bondsman with director--Amount--Law governing--Waiver for person authorized to countersign for bail bondsman.
Professional bondspersons shall, before writing cash or security bail bonds, deposit with the director in the same manner as required of domestic insurers, an amount determined by the director of not less than ten thousand dollars and an amount necessary to cover forfeitures as required to be filed with the director annually. Such deposit is subject to all laws, rules, and regulations concerning deposits by domestic insurers. The director may waive the deposit requirement contained in this section for a person authorized pursuant to § 58-22-37 to countersign for a bail bondsperson.
Source: SL 1966, ch 111, ch 31, § 24; SL 1966, ch 31, § 18 as added by SL 1967, ch 137; SL 1998, ch 296, § 14.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-22-24
What does South Dakota Codified Laws § 58-22-24 cover?
Section 58-22-24 ("Deposit by professional bondsman with director--Amount--Law governing--Waiver for person authorized to countersign for bail bondsman.") 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 § 58-22-24?
A common citation format is "South Dakota Codified Laws § 58-22-24" (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 § 58-22-24 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.