43-4-43. Application of disclosure statement requirements.Sections 43-4-37 to 43-4-44, inclusive, do not apply to the following transfers:(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;(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;(3)Transfers by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust;(4)Transfers from one co-owner to one or more other co-owners;(5)Transfers made to a spouse, a child, a parent, a sibling, a grandchild, or a ecedent's estate, guardianship, conservatorship, or trust;(4)Transfers from one co-owner to one or more other co-owners;(5)Transfers made to a spouse, a child, a parent, a sibling, a grandchild, or a grandparent;(6)Transfers of newly constructed residential real property which has never been occupied. Source: SL 1993, ch 325, §7; SL 1994, ch 337, §5.
South Dakota Legal Code