South Dakota § 43-41B-2 Property presumed abandoned--General rule.

South Dakota Statutes

§ 43-41B-2 — Property presumed abandoned--General rule.

South Dakota § 43-41B-2

Title 43PROPERTY

Ch. 43-41AUNIFORM UNCLAIMED PROPERTY ACT

This text of South Dakota § 43-41B-2 (Property presumed abandoned--General rule.) 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 § 43-41B-2 (2026).

Text

(a)Except as otherwise provided by this chapter, all intangible property, including any income or increment derived therefrom, less any lawful charges, that is held, issued, or owing in the ordinary course of a holder's business and has remained unclaimed by the owner for more than three years after it became payable or distributable is presumed abandoned.

(b)Property is payable or distributable for the purpose of this chapter notwithstanding the owner's failure to make demand or to present any instrument or document required to receive payment.

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(a) Except as otherwise provided by this chapter, all intangible property, including any income or increment derived therefrom, less any lawful charges, that is held, issued, or owing in the ordinary course of a holder's business and has remained unclaimed by the owner for more than three years after it became payable or distributable is presumed abandoned. (b) Property is payable or distributable for the purpose of this chapter notwithstanding the owner's failure to make demand or to present any instrument or document required to receive payment.