Deposit of funds permitted despite bank connection of public officer

A bank may be designated as the official depository of county, municipal, township, or school district funds, notwithstanding that an officer, director, stockholder, or employee of a bank is an elected or appointed officer or treasurer of such county, municipality, township, or school district. Source: SDC Supp 1960, § 10.0708 as added by SL 1963, ch 30 .