South Dakota Statutes

§ 43-41B-32 — Retention of records.

South Dakota·Title 43 PROPERTY·Ch. 43-41A UNIFORM UNCLAIMED PROPERTY ACT
(a)Every holder required to file a report under § 43-41B-18 , as to any property for which it has obtained the last known address of the owner, shall maintain a record of the name and last known address of the owner for ten years after the property becomes reportable, except to the extent that a shorter time is provided in subsection (b) or by rule of the administrator.
(b)Any holder that sells in this state its travelers checks, money orders, or other similar written instruments, other than third - party bank checks on which the holder is directly liable, or that provides such instruments to others for sale in this state, shall maintain a record of those instruments while they remain outstanding, indicating the state and date of issue for three years after the date the property is repor

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Legislative History

SL 1992, ch 312, § 31.

Nearby Sections

15
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