South Dakota Statutes

§ 36-21A-81 — Disbursement pursuant to written agreement of trust funds where purchase agreement does not close.

South Dakota·Title 36 PROFESSIONS AND OCCUPATIONS·Ch. 36-21 REAL ESTATE LICENSING
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.

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South Dakota § 36-21A-81 (Disbursement pursuant to written agreement of trust funds where purchase agreement does not close.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

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

Nearby Sections

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