5-9-12. Successful bidder's deposit with commissioner.
41 words·~1 min read·
/sd/title-5/chapter-5-9/5-9-12A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a bid is accepted the purchaser shall at once deposit with the commissioner at least thirty percent of the purchase price, or if the land is sold for cash, the purchaser shall deposit the full amount of the price bid.