44-9A-5. Release of joint check proceeds at peril of supplier.
It shall be of no consequence under this chapter if the payment or any part thereof in such joint check is released to the contractor or subcontractor by another payee. Release of such funds is at the peril of the person or corporation furnishing materials, supplies, equipment, and services to the contractor or subcontractor.
Source: SL 1971, ch 250, ยง4.
Structure South Dakota Codified Laws
Chapter 09A - Construction Lien Waiver Agreements
Section 44-9A-1 - Liens subject to waiver under chapter.
Section 44-9A-2 - Joint check and separate agreement of waiver required.
Section 44-9A-3 - Provisions to be entered on reverse of joint check for waiver.
Section 44-9A-4 - Endorsement of joint check and execution of agreement as express waiver.
Section 44-9A-5 - Release of joint check proceeds at peril of supplier.