<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.scbba840d-0379-47b8-97c8-6daeaf8a7c63P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.scbba840d-0379-47b8-97c8-6daeaf8a7c63C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scbba840d-0379-47b8-97c8-6daeaf8a7c63000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=67:12:05:07"><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000000">67:12:05:07</span></a><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000001">.  Bank account considered liquid asset.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0"> Money on deposit in a bank is </span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">included as </span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">a liquid </span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">resource when applying the resource limit in </span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">§ </span><a href="https://sdlegislature.gov/Rules?Rule=67:12:05:05"><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002">67:12:05:</span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002">05</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0"> whether in a checking account, savings account, or certificate of deposit. Unless the conditions of § </span><a href="https://sdlegislature.gov/Rules?Rule=67:12:05:77"><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002">67:12:05:77</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0"> apply or the applicant or recipient produces clear and convincing evidence to the contrary, money held in a joint account is considered </span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">a liquid resource of</span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0"> the applicant or recipient</span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">,</span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0"> when </span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">applying the resource limit in </span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">§ </span><a href="https://sdlegislature.gov/Rules?Rule=67:12:05:05"><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002">67:12:05:</span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002">05</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">, if </span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">the applicant or recipient </span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">is permitted to make withdrawals from</span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0"> the account.</span></p><p dir="ltr" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63000003"> </span></p><p dir="ltr" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">    </span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0"> SL 1975, ch 16, § 1; 7 SDR 66, 7 SDR 89, effective July 1, 1981; 12 SDR 112, effective January 16, 1986; 20 SDR 196, effective May 23, 1994</span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">; 52 SDR 55, effective December 2, 2025</span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">.</span></p><p dir="ltr" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">    </span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000001">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=28-6-1"><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002">28-</span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002">6-1</span></a><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">.</span></p><p dir="ltr" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">    </span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000001">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=28-6-1"><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002">28-</span><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0-000002">6-1</span></a><span style="white-space: pre-wrap;" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63C0">.</span></p><p dir="ltr" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="scbba840d-0379-47b8-97c8-6daeaf8a7c63000003"> </span></p></div></body></html>