ARSD 67:12:05:07. Bank account considered liquid asset

Money on deposit in a bank is included as a liquid resource when applying the resource limit in § 67:12:05:05 whether in a checking account, savings account, or certificate of deposit. Unless the conditions of § 67:12:05:77 apply or the applicant or recipient produces clear and convincing evidence to the contrary, money held in a joint account is considered a liquid resource of the applicant or recipient, when applying the resource limit in § 67:12:05:05, if the applicant or recipient is permitted to make withdrawals from the account.