S.D. Codified Laws § 55-11-3.1

Current through the 2024 Legislative Session
Section 55-11-3.1 - Clause required in contract not providing guaranteed price

In addition to the requirements of § 55-11-3, any contract entered into pursuant to § 55-11-1, which does not provide for a guaranteed price for services or personal property to be delivered or performed pursuant to the terms of the contract, shall contain the following in twelve point bold type:

ANY FUNDS PAID UNDER THIS CONTRACT ARE ONLY A DEPOSIT TO BE APPLIED TOWARD THE FINAL COSTS OF THE SERVICES OR PERSONAL PROPERTY CONTRACTED FOR. ADDITIONAL CHARGES MAY BE REQUIRED.

SDCL 55-11-3.1

SL 1981, ch 355, § 4.