10-50B-16. Amendment of escrow agreement to execute assignment--Requirements--Delivery.
The parties to a qualified escrow agreement may amend the agreement for the purposes of executing an assignment pursuant to §10-50B-15.
An assignment executed pursuant to §10-50B-15 shall be in writing and signed by the assignee and the assignor or by an authorized agent or representative of the assignor. An assignment in writing that is duly executed becomes enforceable after a copy of the assignment is delivered to the attorney general and the financial institution where the qualified escrow fund is maintained.
Source: SL 2019, ch 67, §2.
Structure South Dakota Codified Laws
Chapter 50B - Escrow Fund For Tobacco Litigation
Section 10-50B-1 - Legislative findings.
Section 10-50B-2 - Legislative intent.
Section 10-50B-3 - Definitions.
Section 10-50B-4 - Cigarette defined.
Section 10-50B-5 - Tobacco product manufacturer defined.
Section 10-50B-6 - Units sold defined.
Section 10-50B-10 - Each failure to make deposit a separate violation.
Section 10-50B-11.1 - Code provisions governing investment in education enhancement trust fund.
Section 10-50B-13 - Revocation of license--Hearing--Reinstatement.
Section 10-50B-16 - Amendment of escrow agreement to execute assignment--Requirements--Delivery.
Section 10-50B-17 - Manufacturer not relieved of obligations by assignment.
Section 10-50B-19 - State directory--Manufacturers--Surety bond--Amount.