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 § 1-16B-21

Title 1STATE AFFAIRS AND GOVERNMENT

Ch. 1-16ECONOMIC DEVELOPMENT FINANCE AUTHORITY

This text of South Dakota § 1-16B-21 (Repurchase and cancellation of notes and bonds--Maximum price paid.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 1-16B-21 (2026).

Text

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.

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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.