S.D. Codified Laws § 55-17-12

Current through the 2024 Legislative Session
Section 55-17-12 - Bona fide purchasers

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.

SDCL 55-17-12

SL 2016, ch 231, §40.