<html> <head> <title>Rule 20:69:13:18 Trust account requirements.</title> <META NAME="Keywords" Content="Administrative Rules 20:69:13:18"> <META NAME="Description" Content="Administrative Rules 20:69:13:18 Trust account requirements."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:69:13:18.&nbsp;&nbsp;Trust account requirements.</b> All the requirements relating to trust accounts imposed by SDCL Chapter <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A">36-21A</A> or Article 20:69 upon real estate agents apply to time-share agents.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 10 SDR 68, effective January 1, 1984; 12 SDR 151, 12 SDR 155, effective July 1, 1986; transferred from §&nbsp;20:56:21:20, August 16, 1993.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A-89">36-21A-89</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=43-15B-6">43-15B-6.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A-47">36-21A-47</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=43-15B-6">43-15B-6</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=43-15B-7">43-15B-7.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Cross-References:</b></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Handling of money received by broker for principal, SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A-80">36-21A-80.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposit slip and ledger sheet for special trust account, SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A-82">36-21A-82.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Documents kept by broker remitting immediately to principal, SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A-83">36-21A-83.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Completed transaction required for compensation of broker, SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A-84">36-21A-84.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acts constituting unprofessional conduct, SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A-71">36-21A-71(5).</A></p> </div> </body> </html>