South Dakota Codified Laws 26-6-20.4. Deposit of money for resident when over specified amount
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If the amount of money entrusted to a home, center, or facility covered pursuant to the provisions of §§ 26-6-20.1 to 26-6-20.10, inclusive, exceeds the amount of sixty dollars for any resident, any money in excess of that amount shall be deposited in a demand trust account pursuant to the provisions of § 26-6-20.3.
Terms Used In South Dakota Codified Laws 26-6-20.4
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
Source: SL 1977, ch 279, § 4; SL 2015, ch 150, § 1.