South Dakota § 1-33B-21 Foreclosure to protect loans.

South Dakota Statutes

§ 1-33B-21 — Foreclosure to protect loans.

South Dakota § 1-33B-21

Title 1STATE AFFAIRS AND GOVERNMENT

Ch. 1-33AENERGY PERFORMANCE CONTRACTS

This text of South Dakota § 1-33B-21 (Foreclosure to protect loans.) 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 § 1-33B-21 (2026).

Text

The Governor's Office of Economic Development may take title by foreclosure to any property given as security if such acquisition is necessary to protect any loan made under this chapter, and may sell, transfer, or convey any such property to any responsible buyer. If such sale, transfer, or conveyance cannot be effected with reasonable promptness, the office may, in order to minimize financial loss, and sustain employment, lease such property to a responsible tenant or tenants.

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

The Governor's Office of Economic Development may take title by foreclosure to any property given as security if such acquisition is necessary to protect any loan made under this chapter, and may sell, transfer, or convey any such property to any responsible buyer. If such sale, transfer, or conveyance cannot be effected with reasonable promptness, the office may, in order to minimize financial loss, and sustain employment, lease such property to a responsible tenant or tenants.