South Dakota Statutes
§ 5-12-54 — Liability of authority and special purpose corporation.
South Dakota § 5-12-54
JurisdictionSouth Dakota
Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Ch. 5-11SOUTH DAKOTA BUILDING AUTHORITY
This text of South Dakota § 5-12-54 (Liability of authority and special purpose corporation.) 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 § 5-12-54 (2026).
Text
The authority is not liable for any bond issued, incurred, or created by the corporation under §§ 5-12-48 to 5-12-59 , inclusive, or for any act or failure to act of the corporation. The corporation may not be liable for any obligation of the South Dakota Building Authority or for any act or failure to act by the building authority.
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Legislative History
SL 2001, ch 27, § 7.
Nearby Sections
15
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Bluebook (online)
South Dakota § 5-12-54, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/5-12-54.