South Dakota Codified Laws 11-7-31. Power to invest reserve and debt service funds
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A commission shall have further power to invest any funds held in reserves or debt service funds, or any funds not required for immediate disbursement, in property or securities in which savings banks may legally invest funds subject to their control.
Terms Used In South Dakota Codified Laws 11-7-31
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1950 (SS), ch 13, § 7, subdiv 3 (6); SDC Supp 1960, § 45.3607 (3) (f).