South Dakota Codified Laws 36-21A-102. Minimum balance in recovery fund–Separate fee payable to restore minimum balance
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If at the end of any calendar year the amount remaining in the real estate recovery fund is less than one hundred thousand dollars, every person registering pursuant to this chapter shall pay, in addition to the biennial registration fee, a separate fee in an amount declared sufficient by the commission to restore the balance in the fund to at least one hundred thousand dollars.
Terms Used In South Dakota Codified Laws 36-21A-102
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 1992, ch 273, § 102.