South Dakota Statutes
§ 1-53-18 — Property given as security for loan.
South Dakota·Title 1 STATE AFFAIRS AND GOVERNMENT·Ch. 1-52 GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT
The Board of Economic Development may take title by foreclosure or transfer in lieu of foreclosure to any property given as security if the acquisition is necessary to protect or collect any small business credit initiative loan and may sell, transfer, or convey any such property to any responsible buyer.
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South Dakota § 1-53-18 (Property given as security for loan.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2012, ch 15, § 4; SL 2022, ch 6, § 4.