5-24-2. Cost or value to be shown in inventory--Filing.The inventories required by §§5-24-1 and 5-24-1.1 shall show the actual cost for each item, or the estimated cost at the time of acquisition, if the actual cost cannot be ascertained. In the case of gifts, the estimated fair market value at the time of acquisition shall be used. The officer or employee shall retain one copy of the inventory in the officer's or employee's office. The others shall be filed as provided in §§5-24-1.1 and 5-24-3. Source: SL 1903, ch 220, §§1 to 3; SL 1913, ch 293, §1; RC 1919, §7048; SDC 1939, §48.0501; SL 1975, ch 61, §2; SL 1977, ch 54, §3; SL 1983, ch 36, §2; SL 1984, ch 30, §79; SL 2011, ch 2, §87.
South Dakota Legal Code