South Dakota § 11-11-138 Receiver appointed to safeguard authority's loan.

South Dakota Statutes

§ 11-11-138 — Receiver appointed to safeguard authority's loan.

South Dakota § 11-11-138

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-8SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY

This text of South Dakota § 11-11-138 (Receiver appointed to safeguard authority's loan.) 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 § 11-11-138 (2026).

Text

In connection with any action or proceeding pursuant to § 11-11-137 , the authority may apply for the appointment of a receiver to take over, manage, operate, and maintain the affairs of such housing sponsor, and the authority through such agent as it shall designate is hereby authorized to accept the appointment of such receiver of any such sponsor when so appointed by a court of competent jurisdiction.

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In connection with any action or proceeding pursuant to § 11-11-137 , the authority may apply for the appointment of a receiver to take over, manage, operate, and maintain the affairs of such housing sponsor, and the authority through such agent as it shall designate is hereby authorized to accept the appointment of such receiver of any such sponsor when so appointed by a court of competent jurisdiction.