43-15A-23. Deposits held in escrow until delivery of deed.
42 words·~1 min read·
/sd/title-43/chapter-43-15/43-15a-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any deposit made with a reservation to purchase or a contract to purchase shall be held in escrow in a separate fund for such deposits designated as such until the deed for which a deposit was made is delivered to the depositor.