South Dakota Codified Laws 37-14-19. Transfer of auction receipts to client–Time limit
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Any money that an auction cashier receives on behalf of a client from an auction sale shall be given to the client within twenty working days of the auction sale. This section does not apply to any bad check or if there is a prior written agreement between the client and the cashier.
Terms Used In South Dakota Codified Laws 37-14-19
- Auction sale: as used in this chapter means the offering for sale or selling of personal property to the highest bidder or offering for sale or selling of personal property at a high price and then offering the personal property at successive lower prices until a buyer is secured. See South Dakota Codified Laws 37-14-2
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
Source: SL 1993, ch 299, § 2; SL 1998, ch 242, § 18.