§ 55-11-3.1 Clause required in contract not providing guaranteed price.

SD Codified L § 55-11-3.1 (2019) (N/A)

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55-11-3.1. Clause required in contract not providing guaranteed price. In addition to the requirements of § 55-11-3, any contract entered into pursuant to § 55-11-1, which does not provide for a guaranteed price for services or personal property to be delivered or performed pursuant to the terms of the contract, shall contain the following in twelve point bold type:

ANY FUNDS PAID UNDER THIS CONTRACT ARE ONLY A DEPOSIT TO BE APPLIED TOWARD THE FINAL COSTS OF THE SERVICES OR PERSONAL PROPERTY CONTRACTED FOR. ADDITIONAL CHARGES MAY BE REQUIRED.

Source: SL 1981, ch 355, § 4.

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§ 55-11-3 Contract to be in writing--Copies furnished depository and personal representative of contracting party--Clause concerning trust fund required.

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§ 55-11-4 Financial institution receiving money in trust--Acknowledgment on copy of prearranged funeral contract.

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