ARSD 20:18:35:35

ARSD 20:18:35:35. Form of reserve

Last amended: 2021Year: 2026Length: 72 wordsOfficial source

Cite as S.D. Admin. R. 20:18:35:35

The reserve must be in the form of: (1) Cash or cash equivalents maintained in a U.S. bank account segregated from the licensee's or sports wagering services provider’s operational funds; (2) An irrevocable letter of credit; (3) A bond; (4) Payment processor reserves and receivables; (5) Any other form acceptable to the commission pursuant to internal control procedures; or (6) Any combination of the allowable forms described in paragraphs (1) to (6).
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