43-46-4. Limitation on amount of liability of surviving joint owner.
The surviving joint owner shall be liable to the creditors or personal representative of the deceased joint owner for the lawful debts and obligations of the deceased joint owner only to an amount equal to the value of the amount contributed to the jointly owned property by the deceased joint owner determined as of the time of his death, but subject to all homestead and legal exemptions in such decedent's jointly owned property.
Source: SL 1969, ch 198 (2); SDCL 30-21A-4; SL 1995, ch 167, ยง167.
Structure South Dakota Codified Laws
Chapter 46 - Joint Owners Liability For Decedents Debts
Section 43-46-1 - Joint owners' liability for debts and obligations of deceased joint owner.
Section 43-46-2 - Right of action of creditor or representative of deceased joint owner.
Section 43-46-3 - Proof of insufficient other property of deceased joint owner to pay debts.
Section 43-46-4 - Limitation on amount of liability of surviving joint owner.
Section 43-46-5 - Joinder of surviving joint owners in action--Right of contribution.