(A) Any money that an auction cashier receives on behalf of a client from an auction sale shall be deposited in a separate account maintained for auction sale proceeds only.
(B) Any money that an auction cashier receives on behalf of a client from an auction sale shall be given to the client within 20 working days of the auction sale. This section does not apply to any bad check or if there is a prior written agreement between the client and the cashier.
(C) Divisions (A) and (B) above do not apply to any livestock auction agency licensed pursuant to SDCL Ch. 40-15 or to any real estate sale.
(Prior Code, § 111.04)
Statutory reference:
Related provisions, see SDCL § 37-14-18, § 37-14-19, and § 37-14-20