55-17-12. Bona fide purchasers.
92 words·~1 min read·
/sd/title-55/chapter-55-17/55-17-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding anything contained in § 55-17-9 to the contrary:
(1)Notice of the existence of a South Dakota special spousal property trust, a marriage, or the termination of a marriage does not affect the status of a purchaser as a bona fide purchaser;
(2)Special spousal property purchased by a bona fide purchaser from a spouse having the right to manage and control the property is acquired free of any claim of the other spouse. The effect of this subsection may not be varied by a South Dakota special spousal property trust.