South Dakota Code § 61-5A-16

Liability of surety on bond on failure of organization to pay
Open in Lexace · Ask the AI about this section
Failure by any organization covered by a bond required by §
61-5A-12
to pay the full amount of payments in lieu of contributions when due, together with any applicable interest and penalties provided for in §
61-5A-33
, shall render the surety liable on said bond to the extent of the bond, as though the surety was such organization.

‹ Prev All South Dakota sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.