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