South Dakota Statutes
§ 36-21A-80 — Handling of money received by broker for principal.
South Dakota § 36-21A-80
This text of South Dakota § 36-21A-80 (Handling of money received by broker for principal.) 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-80 (2026).
Text
A responsible broker shall remit immediately to the responsible broker's principal all money received by the responsible broker belonging to the principal unless, by the terms of a written employment contract, the responsible broker is authorized to retain possession of the money until the final settlement and consummation of the transaction. In that event the responsible broker shall deposit the money in a federally insured financial institution in a special trust account on the first legal banking day after the acceptance of the contract. The account shall be reconciled to the bank statements, trust ledger, and check register at least monthly. The money may not be used by the responsible broker except in connection with the transaction as authorized by the principal.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1992, ch 273, § 80; SL 1996, ch 236, § 6; SL 2013, ch 177, § 30.
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-80, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/36-21A-80.