<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 61-5A-17 - Termination of election to make payments in lieu of contributions on failure to file bond--Extension of time for filing or adjustment. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2077981Normal { 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.s2077981SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077981CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2077981Normal-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.s2077981DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077981DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077981000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077981SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077981SCL-000003 { 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="s2077981Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=61-5A-17"><span class="s2077981SENU">61-5A-17</span></a><span xml:space="preserve" class="s2077981SENU">. </span><span class="s2077981CL">Termination of election to make payments in lieu of contributions on failure to file bond--Extension of time for filing or adjustment.</span></p><p dir="ltr" class="s2077981Normal-000000"><span xml:space="preserve" class="s2077981DefaultParagraphFont">If any nonprofit organization fails to file a bond or to file a bond in an increased amount as provided under §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=61-5A-12"><span class="s2077981DefaultParagraphFont">61-5A-12</span></a><span xml:space="preserve" class="s2077981DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=61-5A-16"><span class="s2077981DefaultParagraphFont">61-5A-16</span></a><span class="s2077981DefaultParagraphFont">, inclusive, the department may terminate such organization's election to make payments in lieu of contributions and such termination shall continue for not less than the four</span><span class="s2077981DefaultParagraphFont-000001">-</span><span class="s2077981DefaultParagraphFont">consecutive</span><span class="s2077981DefaultParagraphFont-000001">-</span><span class="s2077981DefaultParagraphFont">calendar</span><span class="s2077981DefaultParagraphFont-000001">-</span><span class="s2077981DefaultParagraphFont">quarter period beginning with the quarter in which such termination becomes effective; provided, that the department may extend for good cause the applicable filing or adjustment period by not more than thirty days.</span></p><p dir="ltr" class="s2077981Normal"><span xml:space="preserve" class="s2077981000002"> </span></p><p dir="ltr" class="s2077981Normal"><span class="s2077981SCL">Source:</span><span xml:space="preserve" class="s2077981SCL-000003"> SL 1971, ch 276, § 69.</span></p></div></body></html>