Section 43-15A-26 - Investigation of developer suspected of violations--Examination of books--Developers tokeep records available. - South Dakota Statutes

43-15A-26. Investigation of developer suspected of violations--Examination of books--Developers to keep records available. If the Real Estate Commission has reason to believe that a developer is violating any provision set forth in §§ 43-15A-10 to 43-15A-26, inclusive, or the rules of the commission promulgated pursuant thereto, the commission may investigate the developer's project and examine the books, accounts, records, and files used in the project of the developer. For the purposes of examination, the developer is required to keep and maintain records of all sales transactions and of the funds received by him pursuant thereto, and to make them accessible to the commission upon reasonable notice and demand.

Source: SL 1975, ch 270, § 19; SL 1986, ch 302, § 93.