Statutes, codes, and regulations
South Dakota Codified Laws
Title 5 - PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Chapter 21 - PERFORMANCE BONDS FOR PUBLIC IMPROVEMENT CONTRACTS
Section 5-21-1 - Surety bond required-Obligation of prompt payment of laborers and materialmen

S.D. Codified Laws § 5-21-1

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Current through the 2024 Legislative Session
Section 5-21-1 - Surety bond required-Obligation of prompt payment of laborers and materialmen

Except as provided in § 31-12-15, when any contract is entered into for the construction of public improvement or the furnishing of any material or labor therefor, the contractor is required, before commencing such work, to furnish surety in an amount not less than the contract price, for the faithful performance of the contract, with the additional obligation that the contractor shall promptly pay all persons supplying him with labor or material in the prosecution of the work provided for in the contract.

SDCL 5-21-1

SL 1907, ch 138, § 1; SL 1909, ch 245, § 1; RC 1919, § 8215; SDC 1939, § 65.0702; SL 1939, ch 300, § 7; SL 1987, ch 60, § 1.