South Dakota § 43-4-50 Liability for private transfer fee obligations recorded or entered into after June 30, 2011.

South Dakota Statutes

§ 43-4-50 — Liability for private transfer fee obligations recorded or entered into after June 30, 2011.

South Dakota·Title 43 PROPERTY·Ch. 43-3 TRANSFER OF PROPERTY

Any person who records or enters into an agreement imposing a private transfer fee obligation in the person's favor after June 30, 2011, is liable for any damages resulting from the imposition of the transfer fee obligation on the transfer of an interest in the real property, including the amount of any transfer fee paid by a party to the transfer, and any attorney fees, expenses, and costs incurred by a party to the transfer or mortgagee of the real property to recover any transfer fee paid or in connection with an action to quiet title. If an agent acts on behalf of a principal to record or secure a private transfer fee obligation, liability shall be assessed to the principal, rather than the agent.

Free access — add to your briefcase to read the full text and ask questions with AI

Any person who records or enters into an agreement imposing a private transfer fee obligation in the person's favor after June 30, 2011, is liable for any damages resulting from the imposition of the transfer fee obligation on the transfer of an interest in the real property, including the amount of any transfer fee paid by a party to the transfer, and any attorney fees, expenses, and costs incurred by a party to the transfer or mortgagee of the real property to recover any transfer fee paid or in connection with an action to quiet title. If an agent acts on behalf of a principal to record or secure a private transfer fee obligation, liability shall be assessed to the principal, rather than the agent.

South Dakota § 43-4-50 (Liability for private transfer fee obligations recorded or entered into after June 30, 2011.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.