37-14-18. Deposit of auction receipts into separate auction proceeds account.
Any money that an auction cashier receives on behalf of a client from an auction sale shall be deposited in a separate account maintained for auction sale proceeds only.
Source: SL 1993, ch 299, §1; SL 1998, ch 242, §17.
Structure South Dakota Codified Laws
Section 37-14-2 - Auction sale defined.
Section 37-14-4 - Farm sales, judicial sales and closing out sales exempt.
Section 37-14-5 - Requirements of chapter.
Section 37-14-18 - Deposit of auction receipts into separate auction proceeds account.
Section 37-14-19 - Transfer of auction receipts to client--Time limit.
Section 37-14-20 - Application of deposit and transfer requirements.