South Dakota Codified Laws 36-21A-83. Records kept by broker remitting immediately to principal
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A responsible broker who remits immediately to the principal all money received by the responsible broker belonging to the principal without using a trust account shall maintain for at least four years the records that completely disclose all financial dealings between the principal and the responsible broker.
Terms Used In South Dakota Codified Laws 36-21A-83
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
Source: SL 1992, ch 273, § 83; SL 2013, ch 177, § 31.