Generic Bill of Sale Form - South Dakota

Is a Bill of Sale Required in South Dakota?

This document is not required by any laws of the state. Nonetheless, a seller and buyer should fill it out to record the fact of a sale and any essential details of the transfer of valuable property. Drafted properly, a Bill of Sale is solid evidence accepted by all courts of law and government agencies of the state. In the future, it will protect the seller and the buyer from any fraudulent claims that may be connected to the deal. Additionally, you can use the information from a Bill of Sale when filling out your annual tax reports.

Traditionally, South Dakota Bills of Sale include the following information:

1. Names and contact information of the parties. Also, write down their driver's license numbers;
2. Description of the sold property. It must identify the goods clearly, so enter the model, make, size, year, color, serial number, and other distinctive characteristics;
3. Payment information. Indicate the price or specify that the item was given as a gift;
4. Basic terms of the deal - state the date and location of the transaction;
5. Seller's disclosure that verifies legal ownership of the item and confirms it's free from liens and encumbrances;
6. Buyer's disclaimer - the purchaser must state that the property was examined and is now accepted "as is";
7. Signatures of the parties.

Does a Bill of Sale Have to Be Notarized in South Dakota?

South Dakota Generic Bills of Sale do not require notarization, but you are free to add this extra layer of protection to your document. Prepare two original copies of the document, each party gets one for recordkeeping.

Still looking for a particular form? Take a look at these similar forms below:

• South Dakota Bill of Sale Templates;
• Bill of Sale Templates;
• South Dakota Legal Forms and Templates.