{"data":{"id":"us-sd/sdcl-51a-17-102","jurisdiction":"us-sd","citation":"SDCL § 51A-17-102","heading":"Permissible investments described.","body":"The following investments are permissible under § 51A-17-101:\n(1) Cash, including demand deposits, savings deposits, and funds in such accounts held for the benefit of the licensee's customers in a federally-insured depository financial institution, and cash equivalents, including ACH items in transit to the licensee and ACH items or international wires in transit to a payee, cash in transit via armored car, cash in smart safes, cash in licensee-owned locations, debit card or credit card-funded transmission receivables owed by any bank, or money market mutual funds rated \"AAA\" by S\u0026P, or the equivalent from any eligible rating service;\n(2) Certificates of deposit or senior debt obligations of an insured depository institution, as defined in section 3 of the Federal Deposit Insurance Act, 12 U.S.C. § 1813 (January 1, 2024) or as defined under the federal Credit Union Act, 12 U.S.C. § 1781 (January 1, 2024);\n(3) An obligation of the United States or a commission, agency, or instrumentality thereof; an obligation that is guaranteed fully as to principal and interest by the United States; or an obligation of a state or a governmental subdivision, agency, or instrumentality thereof;\n(4) The full drawable amount of an irrevocable standby letter of credit for which the stated beneficiary is the director that stipulates that the beneficiary need only draw a sight draft under the letter of credit and present it to obtain funds up to the letter of credit amount within seven days of presentation of the items required by § 51A-17-105; and\n(5) One hundred percent of the surety bond or deposit provided for under § 51A-17-100 that exceeds the average daily money transmission liability in this state.\nSource: SL 2024, ch 196, § 51.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-17. MONEY TRANSMISSION"],"source_url":"https://sdlegislature.gov/Statutes/51A-17-102","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"d3b909d8af96bb41f888c57ee509665ad2404725950531e3b5d177601e226d03","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-17-101","next":"us-sd/sdcl-51a-17-103"},"notice":"GroundRules: Original legal text. Not legal advice."}