South Dakota § 1-16B-21 Repurchase and cancellation of notes and bonds--Maximum price paid.

South Dakota Statutes

§ 1-16B-21 — Repurchase and cancellation of notes and bonds--Maximum price paid.

South Dakota·Title 1 STATE AFFAIRS AND GOVERNMENT·Ch. 1-16 ECONOMIC DEVELOPMENT FINANCE AUTHORITY

The authority, subject to agreements with noteholders or bondholders may purchase notes or bonds of the authority, which shall thereupon be canceled, at a price not exceeding:

(1)If the notes or bonds are then redeemable, the redemption price then applicable, plus accrued interest to the next interest payment thereon; or (2) If the notes or bonds are not then redeemable, the redemption price applicable on the first date after the purchase upon which the notes or bonds become subject to redemption plus accrued interest to the date.

Free access — add to your briefcase to read the full text and ask questions with AI

The authority, subject to agreements with noteholders or bondholders may purchase notes or bonds of the authority, which shall thereupon be canceled, at a price not exceeding: (1) If the notes or bonds are then redeemable, the redemption price then applicable, plus accrued interest to the next interest payment thereon; or (2) If the notes or bonds are not then redeemable, the redemption price applicable on the first date after the purchase upon which the notes or bonds become subject to redemption plus accrued interest to the date.

South Dakota § 1-16B-21 (Repurchase and cancellation of notes and bonds--Maximum price paid.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.