South Dakota Surety Bonds

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Required Surety Bonds in South Dakota

Typical South Dakota bonds include (click on any for more info):
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Required Surety Bonds in South Dakota

Surety bonds are broadly categorized as construction and contractor bonds, license and permit bonds, and court bonds, with multiple bond types in each category.

South Dakota Construction & Contractor Bonds

South Dakota has its own version of the federal Miller Act. It requires construction contractors to purchase certain surety bonds before they can work on a public works project funded by the federal government. South Dakota’s “Little Miller Act” requires a performance and payment surety bond for the total amount of any state-level public works project. The project owner has the option of waiving that requirement for projects valued at less than $25,000.

South Dakota License & Permit Bonds

South Dakota’s Department of Labor and Regulation maintains more than 30 licensing boards and commissions that license and regulate specific occupations and professions. Some types of businesses require a license from another body. For example, auto dealers are licensed by the South Dakota Division of Motor Vehicles. In some cases, the licensing process requires applicants to purchase a license and permit bond to guarantee adherence to applicable laws and regulations.

South Dakota Court Bonds

South Dakota courts at any level can order the purchase of either an appeal bond or a probate bond. An appeal bond may be required in order to pursue an appeal of a previous court decision, especially if contested property is involved. A probate bond may be required from anyone named to serve in a fiduciary capacity, such as the executor of an estate or guardian of a minor.

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