South Dakota Statutes

§ 10-28-2 — Assets included in operating property.

South Dakota·Title 10 TAXATION·Ch. 10-28 TAXATION OF RAILROAD OPERATING PROPERTY
The term "operating property" shall mean and include all tracks and right - of - way, station grounds, all structures, and improvements on such right - of - way or station grounds, all rights and franchises, all rolling stock and car equipment, and all other property, real or personal, tangible or intangible, connected with or used in the operation of the railroad, including real estate contiguous to railroad right - of - way or station grounds held for reasonable expansion or future development.

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Legislative History

SL 1915, ch 100, § 5; RC 1919, § 6600; SL 1923, ch 112; SDC 1939, § 57.1301.

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