S.D. Codified Laws §43-15A-23

Condominiums — Deposits Held in Escrow

All purchase deposits must be held in a segregated escrow account until delivery of the deed. Protects buyers from developer misappropriation of deposits during pre-closing period.

Status Active

Verified Apr 15, 2026

Source Official text

Reviewed April 15, 2026 · South Dakota changes feed

Source Provenance S.D. Codified Laws §43-15A-23

Primary source: Official text
Source verified: 2026-04-15
Human review: Not yet signed off by a named reviewer (source-verified by scraper pipeline only)
Text snapshot: Not yet captured
Change monitoring: Active · 0 change events on record · South Dakota feed
Threshold extraction: 1 verified threshold extracted from this statute
Applicability: Not currently mapped to a resale-certificate profile

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Governance

Ref	Requirement
	All purchase deposits must be held in a segregated escrow account until delivery of the deed.
	Protects buyers from developer misappropriation of deposits during pre-closing period.

Legal Topics

Developer Transition South Dakota

Legal references last verified April 15, 2026. This content is educational and informational. It does not constitute legal advice. Consult a licensed attorney in your state for legal guidance specific to your situation.

Condominiums — Deposits Held in Escrow

South Dakota Laws

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