Section 61-4-10 - Depository for clearing and benefit accounts

61-4-10. Depository for clearing and benefit accounts.Moneys in the clearing and benefit accounts may be deposited under the direction of the secretary of labor and regulation in any bank or public depository in which general funds of the state may be deposited. However, no public deposit insurance charge or premium may be paid out of the fund. Source: SL 1936 (SS), ch 3, §9 (b); SDC 1939, §17.0819; SL 1943, ch 81; SL 1965, ch 97, §3; SL 2008, ch 277, §70; SL 2011, ch 1 (Ex. Ord. 11-1), §33, eff. Apr. 12, 2011.