South Dakota Statutes

§ 36-21D-14 — Action against surety bond or irrevocable letter of credit.

South Dakota·Title 36 PROFESSIONS AND OCCUPATIONS·Ch. 36-21 APPRAISAL MANAGEMENT COMPANIES
Any person damaged by an appraisal management company's failure to pay an obligation listed in subdivision 36-21D-12(1) has a right of action against the surety bond or irrevocable letter of credit. Any action against a surety bond or irrevocable letter of credit must be filed in a court of competent jurisdiction within one year after the appraisal management company fails to pay the amount owing or the amount adjudged against the appraisal management company.

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South Dakota § 36-21D-14 (Action against surety bond or irrevocable letter of credit.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 2014, ch 184, § 3.

Nearby Sections

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