Federal Judge Sends Question On Bank's Policy To State Court

Federal Judge Sends Question On Bank's Policy To State Court

SIOUX FALLS, S.D. - A federal judge in South Dakota on Dec. 30 certified to the South Dakota Supreme Court a question of whether a bank's financial institution bond with an insurer is a "surety contract" (First Dakota National Bank v. BancInsure Inc., No. 12-4061, D. S.D.; 2013 U.S. Dist. LEXIS 181633).

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