Section 10-41-65 - Deduction of tax from property transferred--Payment--Delivery of property notrequired until tax collected. - South Dakota Statutes

10-41-65. Deduction of tax from property transferred--Payment--Delivery of property not required until tax collected. Any personal representative or trustee having in charge or in trust any property for distribution embraced in or belonging to any inheritance, devise, bequest, legacy, or gift, subject to the tax imposed by chapter 10-40, shall deduct the tax therefrom, and within thirty days thereafter shall pay the tax to the Department of Revenue and Regulation. He shall not deliver or be compelled to deliver any property embraced in any inheritance, devise, bequest, legacy, or gift, subject to taxation under chapter 10-40, to any person until he has collected the tax thereon.

Source: SDC 1939, § 57.2502; SL 1983, ch 80, § 5; SL 2003, ch 272, § 82.