S.D. Codified Laws § 29A-3-909

Current through the 2024 Legislative Session
Section 29A-3-909 - Improper distribution-Liability of distributee

Unless the distribution or payment no longer can be questioned because of adjudication, estoppel, or limitation, a distributee of property improperly distributed or paid, or a claimant who was improperly paid, is liable to return the property improperly received and its income since distribution if the distributee or claimant has the property. If the distributee or claimant does not have the property, then the distributee or claimant is liable to return the value as of the date of disposition of the property improperly received and any income and gain which the distributee or claimant received.

SDCL 29A-3-909

SL 1994, ch 232, § 3-909.