Section 36-21A-100 - Contracts violating subdivision sale provisions void and unenforceable--Recovery of money paid plus interest. - South Dakota Statutes

36-21A-100. Contracts violating subdivision sale provisions void and unenforceable--Recovery of money paid plus interest. Failure to comply with the provisions of §§ 36-21A-93 to 36-21A-98, inclusive, make any contract entered into in this state void and unenforceable. Money paid under that contract to the certificate holder, together with interest at the Category A rate of interest as established in § 54-3-16 from date of the payment, may be recovered in a civil action.

Source: SL 1992, ch 273, § 100.