South Dakota § 11-11-140 Notice to authority before sale of real property on judgment against housing sponsor--Protective steps taken by authority.

South Dakota Statutes

§ 11-11-140 — Notice to authority before sale of real property on judgment against housing sponsor--Protective steps taken by authority.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-8 SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY

In the event of a judgment against any housing sponsor in any action not pertaining to the foreclosure of a mortgage, there shall be no sale of any of the real property included in any housing development hereunder of such housing sponsor except upon sixty days' written notice to the authority. Upon receipt of such notice the authority shall take such steps as in its judgment may be necessary to protect the rights of all parties.

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In the event of a judgment against any housing sponsor in any action not pertaining to the foreclosure of a mortgage, there shall be no sale of any of the real property included in any housing development hereunder of such housing sponsor except upon sixty days' written notice to the authority. Upon receipt of such notice the authority shall take such steps as in its judgment may be necessary to protect the rights of all parties.

South Dakota § 11-11-140 (Notice to authority before sale of real property on judgment against housing sponsor--Protective steps taken by authority.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.