South Dakota § 31-19-47 Owner's agreement with state relinquishing possession pending determination of damages--Interest pending payment of damages--Tender of payment.

South Dakota Statutes

§ 31-19-47 — Owner's agreement with state relinquishing possession pending determination of damages--Interest pending payment of damages--Tender of payment.

South Dakota·Title 31 HIGHWAYS AND BRIDGES·Ch. 31-18 ACQUISITION OF LAND AND MATERIALS FOR HIGHWAY PURPOSES

Whenever the owner of real property relinquishes possession of it to the Department of Transportation under an agreement whereby the amount of damages for the taking remain to be determined, interest shall accrue at the Category A rate of interest as established in § 54-3-16 from the date of the agreement to the date of payment of the damages finally determined, whether the damages are determined by negotiation or condemnation, unless payment is tendered under the provisions of § 31-19-48 .

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Whenever the owner of real property relinquishes possession of it to the Department of Transportation under an agreement whereby the amount of damages for the taking remain to be determined, interest shall accrue at the Category A rate of interest as established in § 54-3-16 from the date of the agreement to the date of payment of the damages finally determined, whether the damages are determined by negotiation or condemnation, unless payment is tendered under the provisions of § 31-19-48 .

South Dakota § 31-19-47 (Owner's agreement with state relinquishing possession pending determination of damages--Interest pending payment of damages--Tender of payment.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.