South Dakota Codified Laws 35-2-8. Continuation of business by representative of deceased licensee–Responsibility of representative–Bonds continued
Current as of: 2023 | Check for updates
|
Other versions
If an individual licensee under this title dies, the personal representative of the deceased licensee may succeed to all of the rights of the deceased licensee under the license. By operating under the license, the personal representative agrees to all of the terms and conditions of the license and is subject to all of the liabilities and responsibilities of the licensee. Any bond executed under this title includes the personal representative as a principal if the license passes to the personal representative.
Terms Used In South Dakota Codified Laws 35-2-8
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Source: SDC 1939, § 5.0116; SL 1971, ch 211, § 17; SL 2008, ch 37, § 146; SL 2018, ch 213, § 28.