South Dakota Statutes

§ 34A-15-4 — Limitation on third

South Dakota·Title 34A ENVIRONMENTAL PROTECTION·Ch. 34A-15 LIMITATION ON LIABILITY OF LENDERS FOR ENVIRONMENTAL DAMAGE
No lender - owner or representative may by virtue of becoming the owner of real or personal property be liable for any third - party liability arising from contamination or pollution emanating from the property before the date the title vests in the lender - owner or representative. For the purposes of this chapter, the issuance of a sheriff's certificate of sale is not sufficient to vest title in the lender - owner or representative.

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Legislative History

SL 1992, ch 261, § 4.

Nearby Sections

15
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