South Dakota Statutes
§ 36-21A-101 — Establishment of real estate recovery fund--Purpose.
South Dakota § 36-21A-101
This text of South Dakota § 36-21A-101 (Establishment of real estate recovery fund--Purpose.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 36-21A-101 (2026).
Text
The commission shall establish and maintain a real estate recovery fund, which shall be used to provide a source for payment of unsatisfied judgments obtained by persons aggrieved by the acts of a person licensed under this chapter. The commission shall maintain one hundred thousand dollars in the fund to be used strictly for the purpose of recovery of unsatisfied judgments against licensees. The moneys deposited in the fund shall be invested by the commission by establishing an account with the state investment council pursuant to chapter 4-5 , and all interest and profits derived from such investment, if the fund exceeds one hundred thousand dollars, shall be transferred to the commission's general fund. The interest and profits shall be retained in the fund until its total reaches one h
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1992, ch 273, § 101.
Nearby Sections
15
§ 36-10-17.1
Physical Therapist Licensure Compact.§ 36-10-18
Definitions.§ 36-10-18.1
Practice of physical therapy--Description.§ 36-10-18.2
§ 36-10-18.2§ 36-10-18.3
State Board of Physical Therapy--Creation.§ 36-10-18.4
State Board of Physical Therapy--Membership.§ 36-10-18.5
State Board of Physical Therapy--Terms--Vacancy.§ 36-10-18.6
State Board of Physical Therapy--Member removal.§ 36-10-19
§ 36-10-19Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 36-21A-101, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/36-21A-101.