South Dakota Codified Laws
Chapter 14 - Auction Sales
Section 37-14-19 - Transfer of auction receipts to client--Time limit.

37-14-19. Transfer of auction receipts to client--Time limit.
Any money that an auction cashier receives on behalf of a client from an auction sale shall be given to the client within twenty working days of the auction sale. This section does not apply to any bad check or if there is a prior written agreement between the client and the cashier.

Source: SL 1993, ch 299, §2; SL 1998, ch 242, §18.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 37 - Trade Regulation

Chapter 14 - Auction Sales

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.

Section 37-14-21 - Time for taking possession of property after sale--Reversion of ownership of unclaimed property--Forfeiture of payment--Exceptions.