21-15-11.1. Qualifications of bail. The qualifications of bail are as follows:
(1) Each of them shall be a resident and freeholder within the State of South Dakota;
(2) They shall each be worth double the amount of the undertaking, exclusive of property exempt from execution; but the court may allow more than one surety to justify severally in amounts less than that of the undertaking, if the whole justification is equivalent to that of two sufficient sureties.Source: SL 1984, ch 159, § 7.