S.D. Admin. R. 20:69:12:34

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:69:12:34 - Integrated special escrow account

If a developer also performs the function of plan manager and sales agent, it may establish and maintain a single special escrow account in a bank, licensed escrow company, or trust company for the deposit of any moneys received from purchasers.

S.D. Admin. R. 20:69:12:34

10 SDR 68, effective 1/1/1984; 12 SDR 102, effective 12/22/1985; 12 SDR 151, 12 SDR 155, effective 7/1/1986; transferred from

General Authority: SDCL 36-21A-89, 43-15B-6.

Law Implemented: SDCL 43-15B-3, 43-15B-6.