Section 5-9-12 - Successful bidder's deposit with commissioner

5-9-12. Successful bidder's deposit with commissioner.If a bid is accepted the purchaser shall at once deposit with the commissioner at least thirty percent of the purchase price, or if the land is sold for cash, the purchaser shall deposit the full amount of the price bid. Source: SL 1911, ch 224, §36; SL 1917, ch 337; RC 1919, §5660; SDC 1939, §15.0307; SL 1994, ch 47, §6.