South Dakota § 11-7-71 Receivership remedy preserved for obligee on housing project--Acquisition of redevelopment property on default by purchaser or lessee.

South Dakota Statutes

§ 11-7-71 — Receivership remedy preserved for obligee on housing project--Acquisition of redevelopment property on default by purchaser or lessee.

South Dakota § 11-7-71

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-7COUNTY AND MUNICIPAL HOUSING AND REDEVELOPMENT

This text of South Dakota § 11-7-71 (Receivership remedy preserved for obligee on housing project--Acquisition of redevelopment property on default by purchaser or lessee.) 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 § 11-7-71 (2026).

Text

Nothing contained in §§ 11-7-1 to 11-7-70 , inclusive, shall be construed as limiting the power of a commission:

(1)With respect to a housing project, to vest in an obligee the right, in the event of a default by the commission, to take possession thereof or cause the appointment of a receiver thereof, free from all the restrictions imposed by said sections; or (2) With respect to a redevelopment project, in the event of a default by a purchaser or lessee of land, to acquire the property and operate, sell, or lease it free from such restrictions.

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Nothing contained in §§ 11-7-1 to 11-7-70 , inclusive, shall be construed as limiting the power of a commission: (1) With respect to a housing project, to vest in an obligee the right, in the event of a default by the commission, to take possession thereof or cause the appointment of a receiver thereof, free from all the restrictions imposed by said sections; or (2) With respect to a redevelopment project, in the event of a default by a purchaser or lessee of land, to acquire the property and operate, sell, or lease it free from such restrictions.