South Dakota Statutes
§ 5-12-32 — Debt limitations not applicable to interim notes--Personal liability not created by execution of notes.
South Dakota § 5-12-32
JurisdictionSouth Dakota
Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Ch. 5-11SOUTH DAKOTA BUILDING AUTHORITY
This text of South Dakota § 5-12-32 (Debt limitations not applicable to interim notes--Personal liability not created by execution of notes.) 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 § 5-12-32 (2026).
Text
The interim notes shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. No member, officer, agent, or employee of the authority, nor any other person who executes interim notes, shall be liable personally by reason of the issuance thereof.
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Legislative History
SL 1967, ch 276, § 5.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 5-12-32, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/5-12-32.