There is a newer version
of
this Section
2019 South Dakota Codified Laws
Title 43 - Property
Chapter 41B - Uniform Unclaimed Property Act
§ 43-41B-28 Election to take payment or delivery.
Universal Citation: SD Codified L § 43-41B-28 (2019)
43-41B-28. Election to take payment or delivery. (a) The administrator may decline to receive any property reported under this chapter which he considers to have a value less than the expense of giving notice and of sale. If the administrator elects not to receive custody of the property, the holder shall be notified.
(b) A holder, with the written consent of the administrator and upon conditions and terms prescribed by him, may report and deliver property before the property is presumed abandoned. Property delivered under this subsection must be held by the administrator and is not presumed abandoned until such time as it otherwise would be presumed abandoned under this chapter.
Source: SL 1992, ch 312, ยง 27.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
