{"data":{"id":"us-sd/sdcl-51a-17-106","jurisdiction":"us-sd","citation":"SDCL § 51A-17-106","heading":"Designation by director of agent as beneficiary to a letter of credit.","body":"The director may designate an agent to serve on the director's behalf as beneficiary to a letter of credit so long as the agent and letter of credit meet requirements established by the director. The director's agent may serve as agent for multiple licensing authorities for a single irrevocable letter of credit if the proceeds of the drawable amount for the purposes of this subdivision 51A-17-102(4) are assigned to the director.\nSource: SL 2024, ch 196, § 55.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-17. MONEY TRANSMISSION"],"source_url":"https://sdlegislature.gov/Statutes/51A-17-106","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"c5093c680ab7fe8440a60ed210b5601bb4b00605d6dae7ac218437c6feff0214","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-17-105","next":"us-sd/sdcl-51a-17-107"},"notice":"GroundRules: Original legal text. Not legal advice."}