Statutes, codes, and regulations
South Dakota Codified Laws
Title 36 - PROFESSIONS AND OCCUPATIONS
Chapter 21A - REAL ESTATE LICENSING
Section 36-21A-81 - Disbursement pursuant to written agreement of trust funds where purchase agreement does not close

S.D. Codified Laws § 36-21A-81

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Current through the 2024 Legislative Session
Section 36-21A-81 - Disbursement pursuant to written agreement of trust funds where purchase agreement does not close

If an accepted offer and agreement to purchase does not close, a broker may not disburse any funds held in trust, relative to such real estate transaction, except pursuant to a written instruction of all parties to the transaction or pursuant to a court order.

SDCL 36-21A-81

SL 1992, ch 273, § 81; SL 1996, ch 236, § 7.