Property Management
A South Dakota property manager receives a security deposit. This deposit must be:
ADeposited into the property manager's personal account
BHeld in a separate trust or escrow account✓ Correct
CInvested in South Dakota municipal bonds
DPaid to the owner immediately upon receipt
Explanation
Security deposits must be held in a separate trust or escrow account apart from the property manager's or owner's operating funds, to protect the tenant's deposit.
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