Home/South Dakota/Statutes/Title 5: PUBLIC PROPERTY, PURCHASES AND CONTRACTS/Ch. 5-8: STATE SCHOOL AND ENDOWMENT FUNDS/§ 5-10-24
South Dakota Statutes

§ 5-10-24 — Maximum price bid by state--Allowance for prior encumbrances.

South Dakota·Title 5 PUBLIC PROPERTY, PURCHASES AND CONTRACTS·Ch. 5-8 STATE SCHOOL AND ENDOWMENT FUNDS
The maximum price which the commissioner of school and public lands shall bid for any such property at any such sale shall be determined by an appraisement, to be made in the same manner that the school and public lands of the state are by law required to be appraised, but such price shall never exceed the amount of prior encumbrances, judgments, interest, and costs.

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South Dakota § 5-10-24 (Maximum price bid by state--Allowance for prior encumbrances.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1911, ch 224, § 84; RC 1919, § 5714; SDC 1939, § 15.0608.

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