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South Dakota Statutes, Title 43

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South Dakota/Statutes

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Title 43, PROPERTY

58 chapters · 827 sections in this title.

All chapters in Title 43827 Ch 11, REAL PROPERTY POWERS64 Ch 4, TRANSFER OF PROPERTY49 Ch 41B, UNIFORM UNCLAIMED PROPERTY ACT49 Ch 25, DEEDS AND CONVEYANCES42 Ch 32, LEASE OF REAL PROPERTY42 Ch 17, WATER BOUNDARIES AND RIPARIAN LANDS40 Ch 13, EASEMENTS AND SERVITUDES32 Ch 31, HOMESTEAD EXEMPTION30 Ch 39, DEPOSIT OF PERSONAL PROPERTY30 Ch 15A, CONDOMINIUMS29 Ch 28, RECORDING OF INSTRUMENTS29 Ch 3, PRESENT AND FUTURE INTERESTS IN PROPERTY21 Ch 30, MARKETABLE TITLE TO REAL ESTATE18 Ch 2, OWNERSHIP OF PROPERTY17

9 sections·Filtered byTitle 43✕Ch 15B✕

SDCL § 43-15B-1 "Time - share" defined
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For purposes of this chapter, the term "time - share" means the right to use and occupy a living unit, of which the use and occupancy right is divided among persons holding similar interests within that living unit according to a fixed or variable time schedule on a periodic basi…
SDCL § 43-15B-2 Restrictions on sales
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No person may sell, convey, present for sale, or advertise any interest in a time - share project unless he complies with the provisions of this chapter. Source: SL 1983, ch 273 , § 2.
SDCL § 43-15B-3 Registration of projects
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Any time - share project shall be registered annually with the Real Estate Commission. Source: SL 1983, ch 273 , § 3; SL 1986, ch 302 , § 95.
SDCL § 43-15B-4 Fee for registration
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Application for initial registration under § 43-15B-3 shall be accompanied by a fee set by rule promulgated pursuant to chapter 1-26 not to exceed twenty - five dollars per unit. The total fee may not exceed one thousand dollars per time - share project. Source: SL 1983, ch 273 ,…

SDCL § 43-15B-5 Inspection fee

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The Real Estate Commission may charge an inspection fee in the amount of seventy - five dollars per day for each day estimated to be consumed in the examination of the project, plus additional reasonable expenses, which shall be paid to the commission representative inspecting a …

SDCL § 43-15B-6 Rules

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The Real Estate Commission shall promulgate rules pursuant to chapter 1-26 to implement the provisions of this chapter. Source: SL 1983, ch 273 , § 6; SL 1986, ch 302 , § 98.

SDCL § 43-15B-7 Sale of unregistered project prohibited--Exception--Issuance of restricted licenses

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No person may offer to sell in this state any time - share project, or offer to sell outside the state any time - share in a time - share project located within this state without first registering the time - share project with the South Dakota Real Estate Commission. The sale or…

SDCL § 43-15B-8 Forfeited registration--Restoration--Fee

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If a time - share project is not renewed by the date set by the commission by rule promulgated pursuant to chapter 1-26 the registration for such project is forfeited. A forfeited registration may be restored within ninety days upon payment of a registration fee set by the commis…

SDCL § 43-15B-9 Applicants and licensees under disciplinary investigation--Criminal background check

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Each applicant for licensure and registration as a time share agent in this state shall submit to a state and federal criminal background investigation by means of fingerprint checks by the Division of Criminal Investigation and the Federal Bureau of Investigation. Upon applicati…