Section 45-6B-22 - Surety other than bond--Considerations by board. - South-dakota Statutes

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45-6B-22. Surety other than bond--Considerations by board. In determining whether the surety of an operator shall be guaranteed by a corporate surety bond and in determining the form of surety to be provided by the operator if other than a bond, the Board of Minerals and Environment shall consider, with respect to the operator, such factors as his financial status, his assets within the state, his past performance on contractual agreements and his facilities available to carry out the planned work. The operator shall supply evidence of financial responsibility for all surety other than a bond.

Source: SL 1982, ch 305, § 22.

State Codes and Statutes

Statutes > South-dakota > Title-45 > Chapter-06b > Statute-45-6b-22

45-6B-22. Surety other than bond--Considerations by board. In determining whether the surety of an operator shall be guaranteed by a corporate surety bond and in determining the form of surety to be provided by the operator if other than a bond, the Board of Minerals and Environment shall consider, with respect to the operator, such factors as his financial status, his assets within the state, his past performance on contractual agreements and his facilities available to carry out the planned work. The operator shall supply evidence of financial responsibility for all surety other than a bond.

Source: SL 1982, ch 305, § 22.

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Statutes > South-dakota > Title-45 > Chapter-06b > Statute-45-6b-22

45-6B-22. Surety other than bond--Considerations by board. In determining whether the surety of an operator shall be guaranteed by a corporate surety bond and in determining the form of surety to be provided by the operator if other than a bond, the Board of Minerals and Environment shall consider, with respect to the operator, such factors as his financial status, his assets within the state, his past performance on contractual agreements and his facilities available to carry out the planned work. The operator shall supply evidence of financial responsibility for all surety other than a bond.

Source: SL 1982, ch 305, § 22.