If an accepted offer and agreement to purchase does not close, a broker may not disburse any funds held in trust, relative to such real estate transaction, except pursuant to a written instruction of all parties to the transaction or pursuant to a court order.
S.D. Codified Laws § 36-21A-81
Disbursement pursuant to written agreement of trust funds where purchase agreement does not close
Source: SL 1992, ch 273, § 81; SL 1996, ch 236, § 7.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.