The secretary may review evidence provided by a licensee or applicant for license which demonstrates that the licensee’s financial condition warrants a decrease in the bond amount or waiver of the bond. If the secretary determines that a decrease in the bond amount or waiver of the bond is warranted, the secretary may order a decrease in the bond amount or waive the requirement.

Terms Used In South Dakota Codified Laws 10-47B-88

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.

Source: SL 1995, ch 71, § 88; SL 1996, ch 90, § 26.