6:02:02:06.03.  Pledging certificates of deposit as eligible collateral. A certificate of deposit purchased from another institution and held as an asset of the qualified public depository may be pledged to the commission up to the amount of deposit insurance if the certificate of deposit is deposited with a custodian according to the requirements in § 6:02:02:06.

          Source: 42 SDR 51, effective October 13, 2015.

          General Authority: SDCL 4-6A-20.

          Law Implemented: SDCL 4-6A-3.