<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-4-43 - Application of disclosure statement requirements. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065011Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2065011SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065011CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065011Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2065011DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2065011Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2065011DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065011000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065011SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065011SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2065011Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-4-43"><span class="s2065011SENU">43-4-43</span></a><span xml:space="preserve" class="s2065011SENU">. </span><span class="s2065011CL">Application of disclosure statement requirements.</span></p><p dir="ltr" class="s2065011Normal-000000"><span xml:space="preserve" class="s2065011DefaultParagraphFont">Sections </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-4-37"><span class="s2065011DefaultParagraphFont">43-4-37</span></a><span xml:space="preserve" class="s2065011DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-4-44"><span class="s2065011DefaultParagraphFont">43-4-44</span></a><span class="s2065011DefaultParagraphFont">, inclusive, do not apply to the following transfers:</span></p><p dir="ltr" class="s2065011Normal-000001"><span class="s2065011DefaultParagraphFont">(1)    Transfers pursuant to court order, including transfers ordered by probate court in the administration of an estate, transfers between spouses resulting from a judgment of dissolution of marriage or legal separation, transfer pursuant to a writ of execution, transfers by a trustee in bankruptcy, transfers by eminent domain, transfers by government agencies, and transfers resulting from a decree for specific performance;</span></p><p dir="ltr" class="s2065011Normal-000001"><span class="s2065011DefaultParagraphFont">(2)    Transfers to a mortgagee by a mortgagor in default, transfers by any foreclosure sale after default in an obligation secured by a mortgage, transfers by a mortgagee or a beneficiary under a deed of trust who has acquired the real property by foreclosure or by a deed in lieu of foreclosure or transfers by a collateral assignment of beneficial interest;</span></p><p dir="ltr" class="s2065011Normal-000001"><span class="s2065011DefaultParagraphFont">(3)    Transfers by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust;</span></p><p dir="ltr" class="s2065011Normal-000001"><span class="s2065011DefaultParagraphFont">(4)    Transfers from one co</span><span class="s2065011DefaultParagraphFont-000002">-</span><span class="s2065011DefaultParagraphFont">owner to one or more other co</span><span class="s2065011DefaultParagraphFont-000002">-</span><span class="s2065011DefaultParagraphFont">owners;</span></p><p dir="ltr" class="s2065011Normal-000001"><span class="s2065011DefaultParagraphFont">(5)    Transfers made to a spouse, a child, a parent, a sibling, a grandchild, or a grandparent;</span></p><p dir="ltr" class="s2065011Normal-000001"><span class="s2065011DefaultParagraphFont">(6)    Transfers of newly constructed residential real property which has never been occupied.</span></p><p dir="ltr" class="s2065011Normal"><span xml:space="preserve" class="s2065011000003"> </span></p><p dir="ltr" class="s2065011Normal"><span class="s2065011SCL">Source:</span><span xml:space="preserve" class="s2065011SCL-000004"> SL 1993, ch 325, § 7; SL 1994, ch 337, § 5.</span></p></div></body></html>