South Dakota Codified Laws 36-21A-81. Disbursement pursuant to written agreement of trust funds where purchase agreement does not close
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If an accepted offer and agreement to purchase does not close, a broker may not disburse any funds held in trust, relative to such real estate transaction, except pursuant to a written instruction of all parties to the transaction or pursuant to a court order.
Terms Used In South Dakota Codified Laws 36-21A-81
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
Source: SL 1992, ch 273, § 81; SL 1996, ch 236, § 7.