South Dakota § 11-7-105 Commissioners not personally liable on bonds--Public debt not created--Debt limitations not applicable.

South Dakota Statutes

§ 11-7-105 — Commissioners not personally liable on bonds--Public debt not created--Debt limitations not applicable.

South Dakota § 11-7-105

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-7COUNTY AND MUNICIPAL HOUSING AND REDEVELOPMENT

This text of South Dakota § 11-7-105 (Commissioners not personally liable on bonds--Public debt not created--Debt limitations not applicable.) 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 § 11-7-105 (2026).

Text

Neither the commissioners of a commission nor any person executing the bonds is liable personally on the bonds by reason of the issuance of the bonds. The bonds and other obligations of a commission (and such bonds and obligations shall so state on their face) are not a debt of the first or second class municipality, the state, or any other political subdivision of the state and neither the municipality nor the state or any other political subdivision is liable for the bonds. Except as may be provided pursuant to subdivision 11-7A-2(8), the bonds or obligations are not payable out of any funds or properties other than those of the commission. The bonds do not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.

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Neither the commissioners of a commission nor any person executing the bonds is liable personally on the bonds by reason of the issuance of the bonds. The bonds and other obligations of a commission (and such bonds and obligations shall so state on their face) are not a debt of the first or second class municipality, the state, or any other political subdivision of the state and neither the municipality nor the state or any other political subdivision is liable for the bonds. Except as may be provided pursuant to subdivision 11-7A-2(8), the bonds or obligations are not payable out of any funds or properties other than those of the commission. The bonds do not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.