South Dakota Statutes

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

South Dakota § 36-21D-14
JurisdictionSouth Dakota
Title 36PROFESSIONS AND OCCUPATIONS
Ch. 36-21APPRAISAL MANAGEMENT COMPANIES

This text of South Dakota § 36-21D-14 (Action against surety bond or irrevocable letter of credit.) 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 § 36-21D-14 (2026).

Text

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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Legislative History

SL 2014, ch 184, § 3.

Nearby Sections

15
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Bluebook (online)
South Dakota § 36-21D-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/36-21D-14.