South Dakota Statement of Contract by Corporation

State:
South Dakota
Control #:
SD-02A-09
Format:
Word; 
Rich Text
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What is this form?

The Statement of Contract by Corporation is a legal document that notifies interested parties of a corporation's agreement to provide labor, materials, or machinery for property improvements. This form establishes a lien for the corporation against the property for unpaid contributions, thereby protecting the corporation's rights in the event of payment disputes. It differs from similar forms as it specifically addresses contracts made by corporations and serves as formal notice to other parties involved in the property transaction.


Main sections of this form

  • Details of the corporation and representative completing the form
  • Description of the property being improved
  • Date of the contract agreement
  • Summary of the contract terms
  • Declaration of the corporation’s lien rights under South Dakota law
  • Signatures of the representative and the accommodating secretary
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When this form is needed

This form should be used when a corporation has entered into a contract for providing labor, skill, materials, or machinery for property improvements. It is essential when the corporation wants to secure a lien for the value of its contributions to the property, especially before work begins, to protect its financial interests against future claims made by property owners or other parties.

Who this form is for

  • Corporations involved in construction or maintenance projects
  • Corporate representatives tasked with contract management
  • Legal representatives ensuring compliance with lien laws
  • Contractors providing labor or materials to corporate entities

Completing this form step by step

  • Identify the corporation's name, address, and contact information.
  • Provide the property description where the improvements will occur.
  • Enter the date the contract was signed.
  • Summarize the terms of the contract clearly.
  • Ensure the form is properly signed by the corporate representative and the secretary.

Notarization requirements for this form

This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.

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We protect your documents and personal data by following strict security and privacy standards.

Mistakes to watch out for

  • Failing to provide a detailed property description.
  • Omitting the date of the contract.
  • Not including all required signatures.
  • Submitting the form without checking for compliance with local laws.

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FAQ

NOTE: a valid South Dakota drivers license or ID is required in order to use the online Vehicle Registration & Plates portal.

You will need your original out of state titles, a copy of your state driver license, social security number, and a Motor Vehicle and Boat Title & Registration Application. Take this paperwork to your local county treasurer's office to complete registration process.

Since South Dakota does not collect an income tax on individuals, you are not required to file a SD State Income Tax Return. However, you may need to prepare and efile a Federal Income Tax Return.

Your license plates must be purchased from the Brule County Treasurer's office. You will be required to provide either a Social Security number or a South Dakota driver's license number in order to purchase license plates in South Dakota.

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South Dakota Statement of Contract by Corporation