<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 32-35-83 - Proof of financial responsibility by surety bond--Individual sureties--Amount of bond--Conditions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2055272Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2055272SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2055272CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2055272Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2055272DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2055272000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2055272SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2055272SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2055272Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=32-35-83"><span class="s2055272SENU">32-35-83</span></a><span xml:space="preserve" class="s2055272SENU">. </span><span class="s2055272CL">Proof of financial responsibility by surety bond--Individual sureties--Amount of bond--Conditions.</span></p><p dir="ltr" class="s2055272Normal-000000"><span xml:space="preserve" class="s2055272DefaultParagraphFont">Proof of financial responsibility may be evidenced by the bond of a surety company duly authorized to transact business within this state, or a bond with at least two individual sureties each owning real estate within this state, and together having equities equal in value to at least twice the amount of the bond, which real estate shall be scheduled in the bond approved by a judge of a court of record, which said bond shall be conditioned for payment of the amounts specified in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=32-35-2"><span class="s2055272DefaultParagraphFont">32-35-2</span></a><span class="s2055272DefaultParagraphFont">. Such bond shall be filed with the Department of Public Safety and shall not be cancelable except after ten days' written notice to the department.</span></p><p dir="ltr" class="s2055272Normal"><span xml:space="preserve" class="s2055272000001"> </span></p><p dir="ltr" class="s2055272Normal"><span class="s2055272SCL">Source:</span><span xml:space="preserve" class="s2055272SCL-000002"> SL 1957, ch 212, § 54; SDC Supp 1960, § 44.03A54; SL 2004, ch 17, § 168.</span></p></div></body></html>