This form may be used when First Party and Second Party are entering into an Agreement for the purpose of protecting the confidentiality and proprietary nature of information and documentation to be furnished by First Party to Second Party regarding the potential sale of Oil and Gas Leases.
South Dakota Confidentiality Agreement on Information About Leases offered For Sale
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State:
Multi-State
Control #:
US-OG-198
Format:
Word;
Rich Text
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How to fill out Confidentiality Agreement On Information About Leases Offered For Sale?
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FAQ
The cost of transfer taxes in South Dakota is $0.50/$500 of the home's sale value. Most real estate transfers will be charged this tax, but there are some exceptions. Exceptions include, but are not limited to, transfers between spouses, foreclosure, distribution of estates, divorces, or pure gifts.
Yes, South Dakota has state laws pertaining to HOA and condo associations. To better understand the laws for South Dakota HOAs, please refer to: South Dakota Nonprofit Corporation Act - §§ 47-22-1. This law governs the corporate structure and procedure of nonprofit corporations in South Dakota.
The South Dakota Condominium Law regulates condominium associations in the state. These condominium associations must explicitly choose to be governed by this Act by recording a declaration or master deed in the county register of deeds where the condominium is situated.
Consequently, the South Dakota statute is unique in that it allows the trust to also be kept quiet from the beneficiaries even after the client's death or disability. The trust protector would then decide when and if the time is appropriate to provide the beneficiary with information regarding the trust.
A contract for deed is a contract where the seller remains the legal owner of the property and the buyer makes monthly payments to the seller to buy the house. The seller remains the legal owner of the property until the contract is paid.
Does a Power of Attorney need to be notarized, witnessed, and/or recorded in South Dakota? The requirements and restrictions vary by state; however, in South Dakota, if you plan for the agent to handle matters related to children or real estate, then notarization will be required.
43-4-21. Imposition and amount of real estate transfer fee. A fee is hereby imposed at the rate of fifty cents for each five hundred dollars of value or fraction thereof upon the privilege of transferring title to real property in the State of South Dakota, which fee shall be paid by the grantor.
A contract for deed is a contract where the seller remains the legal owner of the property and the buyer makes monthly payments to the seller to buy the house. The seller remains the legal owner of the property until the contract is paid.