{"data":{"id":"us-sd/sdcl-4-6a-4","jurisdiction":"us-sd","citation":"SDCL § 4-6A-4","heading":"Valuation of collateral--Substitution of securities.","body":"Securities eligible as collateral shall be valued at face value or market value, whichever is less. A qualified public depository may make substitutions of eligible collateral at any time and shall notify the public deposit protection commission of such change immediately.","path":["TITLE 4. PUBLIC FISCAL ADMINISTRATION","CHAPTER 4-6A. INSURANCE OF PUBLIC DEPOSITS"],"source_url":"https://sdlegislature.gov/Statutes/4-6A-4","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"d3362d3595a83ef6318ba36f52dbdd1f0b998afabad63c0ca58e4d7d03d45d1c","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-4-6a-3","next":"us-sd/sdcl-4-6a-5"},"notice":"GroundRules: Original legal text. Not legal advice."}