South Dakota Statutes
§ 4-5-34 — Proceedings to collect principal or interest on investments--Refunding of securities held.
South Dakota § 4-5-34
JurisdictionSouth Dakota
Title 4PUBLIC FISCAL ADMINISTRATION
Ch. 4-3CUSTODY AND INVESTMENT OF STATE FUNDS
This text of South Dakota § 4-5-34 (Proceedings to collect principal or interest on investments--Refunding of securities held.) 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 § 4-5-34 (2026).
Text
In the event of default in the payment of principal of, or interest on, any investment made, the investment council is authorized to institute the proper proceedings to collect the matured principal or interest and may accept for exchange purposes refunding bonds or other evidences of indebtedness at interest rates to be agreed upon with the obligor.
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Legislative History
SL 1971, ch 27, § 19.
Nearby Sections
15
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Bluebook (online)
South Dakota § 4-5-34, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/4-5-34.