If an individual licensee under this title dies, the personal representative of the deceased licensee may succeed to all of the rights of the deceased licensee under the license. By operating under the license, the personal representative agrees to all of the terms and conditions of the license and is subject to all of the liabilities and responsibilities of the licensee. Any bond executed under this title includes the personal representative as a principal if the license passes to the personal representative.
S.D. Codified Laws § 35-2-8
Continuation of business by representative of deceased licensee--Responsibility of representative--Bonds continued
Applied in 1 court decision — leading case Rushmore State Bank v. Kurylas, Inc. (1988)
Most recently applied in Rushmore State Bank v. Kurylas, Inc. (May 1988)
Source: SDC 1939, § 5.0116; SL 1971, ch 211, § 17; SL 2008, ch 37, § 146; SL 2018, ch 213, § 28.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.