South Dakota Statutes

§ 46A-4-92 — Payment of outstanding obligations with proceeds of property sales--Prices paid.

South Dakota § 46A-4-92
JurisdictionSouth Dakota
Title 46AWATER MANAGEMENT
Ch. 46A-3ORGANIZATION, BOUNDARIES AND DISSOLUTION OF IRRIGATION DISTRICTS

This text of South Dakota § 46A-4-92 (Payment of outstanding obligations with proceeds of property sales--Prices paid.) 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 § 46A-4-92 (2026).

Text

After a sale of the property and franchises of the district, the board of directors shall, with the amount realized from the sale, together with other funds of the district, make settlement, payment, and redemption, if possible, of all outstanding bonded and other indebtedness of the district. However, in no case may the district pay more than the par value of the outstanding bonds with interest up to the time of payment plus any redemption premium agreed upon by the district at the time the outstanding bonds are issued.

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Legislative History

SDC 1939, § 61.0848; SDCL § 46-12-87; SL 1976, ch 277, § 6; SL 2011, ch 165, § 375.

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Bluebook (online)
South Dakota § 46A-4-92, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/46A-4-92.