<html> <head> <title>Rule 20:69:14:04 Trust account requirements.</title> <META NAME="Keywords" Content="Administrative Rules 20:69:14:04"> <META NAME="Description" Content="Administrative Rules 20:69:14:04 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>20:69:14:04.&nbsp;&nbsp;Trust account requirements.</b> All of the requirements relating to trust accounts imposed by SDCL Chapter <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A">36-21A</A> or this article on real estate brokers apply to property managers.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 15 SDR 100, effective January 10, 1989; transferred from §&nbsp;20:56:22:29, 20 SDR 18, effective 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></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=36-21A-80">36-21A-80</A>, <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; <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; Acts constituting unprofessional conduct, SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-21A-71">36-21A-71(5).</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial obligations and records, §&nbsp;20:69:14:11.</p> </div> </body> </html>