{"data":{"id":"us-sd/sdcl-55-17-13","jurisdiction":"us-sd","citation":"SDCL § 55-17-13","heading":"Bona fide purchaser defined.","body":"For purposes of § 55-17-12, the term, bona fide purchaser, means a purchaser of property for value who has not knowingly been a party to fraud or illegality affecting the interest of the spouses or other parties to the transaction, does not have notice of an adverse claim by a spouse, and has acted in the transaction in good faith.\nFor purposes of this section, the term, purchaser, means a person who acquires property by sale, lease, discount, negotiation, mortgage, pledge, or lien, or otherwise deals with property in a voluntary transaction other than making a gift.\nA purchaser gives value for property if the property is acquired:\n(1) In return for a binding commitment to extend credit;\n(2) As security for or in total or partial satisfaction of a preexisting claim;\n(3) By accepting delivery under a preexisting contract for purchase; or\n(4) In return for other consideration sufficient to support a contract.","path":["TITLE 55. FIDUCIARIES AND TRUSTS","CHAPTER 55-17. SPECIAL SPOUSAL TRUSTS"],"source_url":"https://sdlegislature.gov/Statutes/55-17-13","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"27f7be2aed29ac411b0c45c958d69615fb12d644a96431a0b82ba0ecef4ffb75","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-55-17-12","next":"us-sd/sdcl-55-17-14"},"notice":"GroundRules: Original legal text. Not legal advice."}