<html> <head> <title>Rule 20:07:03:02 Blanket bond schedule.</title> <META NAME="Keywords" Content="Administrative Rules 20:07:03:02"> <META NAME="Description" Content="Administrative Rules 20:07:03:02 Blanket bond schedule."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:07:03:02.&nbsp;&nbsp;Blanket bond schedule.</b> Banker's blanket bonds required by §&nbsp;20:07:03:01 shall be furnished according to the following schedule. The numbers preceding the colon represent the range of assets and the numbers after the colon represent the amount of bonds.</p> <table border=0 cellspacing=0 cellpadding=0> <tr> <td width=73 valign=top> <p>(1)</p> </td> <td width=327 valign=top> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less than&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; 19,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp;&nbsp;&nbsp;&nbsp; 500,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(2)</p> </td> <td width=327 valign=top> <p>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20,000,000&nbsp;&nbsp;&nbsp; to $&nbsp;&nbsp;&nbsp;&nbsp; 24,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp;&nbsp;&nbsp; 525,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(3)</p> </td> <td width=327 valign=top> <p>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25,000,000&nbsp;&nbsp;&nbsp; to $&nbsp;&nbsp;&nbsp;&nbsp; 34,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp;&nbsp;&nbsp;&nbsp; 675,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(4)</p> </td> <td width=327 valign=top> <p>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35,000,000&nbsp;&nbsp;&nbsp; to $&nbsp;&nbsp;&nbsp;&nbsp; 49,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp;&nbsp;&nbsp;&nbsp; 825,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(5)</p> </td> <td width=327 valign=top> <p>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50,000,000&nbsp;&nbsp;&nbsp; to $&nbsp;&nbsp;&nbsp;&nbsp; 74,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp; 1,050,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(6)</p> </td> <td width=327 valign=top> <p>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75,000,000&nbsp;&nbsp;&nbsp; to $&nbsp;&nbsp;&nbsp;&nbsp; 99,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp; 1,275,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(7)</p> </td> <td width=327 valign=top> <p>$&nbsp;&nbsp;&nbsp; 100,000,000&nbsp;&nbsp;&nbsp; to $&nbsp;&nbsp; 149,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp; 1,800,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(8)</p> </td> <td width=327 valign=top> <p>$&nbsp;&nbsp;&nbsp; 150,000,000&nbsp;&nbsp;&nbsp; to $&nbsp;&nbsp; 249,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp; 2,500,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(9)</p> </td> <td width=327 valign=top> <p>$&nbsp;&nbsp; &nbsp;250,000,000&nbsp;&nbsp;&nbsp; to $&nbsp;&nbsp; 499,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp; 3,750,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(10)</p> </td> <td width=327 valign=top> <p>$&nbsp;&nbsp;&nbsp; 500,000,000&nbsp;&nbsp;&nbsp; to $&nbsp;&nbsp; 999,999,999 :</p> </td> <td width=133 valign=top> <p>$&nbsp; 6,000,000</p> </td> </tr> <tr> <td width=73 valign=top> <p>(11)</p> </td> <td width=327 valign=top> <p>$ 1,000,000,000 and over:</p> </td> <td width=133 valign=top> <p>$&nbsp; 9,000,000</p> </td> </tr> </table> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; 8 SDR 31, effective September 30, 1981; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 14 SDR 46, effective September 28, 1987; 15 SDR 28, effective August 21, 1988.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-2-13">51A-2-13.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-3-39">51A-3-39.</A></p> </div> </body> </html>