South Dakota Statutes

§ 50-6A-12 — Exclusion of subdivisions from authority--Assets and liabilities--Bondholders' consent.

South Dakota § 50-6A-12
JurisdictionSouth Dakota
Title 50AVIATION
Ch. 50-6AREGIONAL AIRPORT AUTHORITIES

This text of South Dakota § 50-6A-12 (Exclusion of subdivisions from authority--Assets and liabilities--Bondholders' consent.) 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 § 50-6A-12 (2026).

Text

A regional airport authority may be decreased if each of the subdivisions then included in the regional authority and the commissioners of the regional authority consent to the decrease and make provisions for the retention or disposition of its assets and liabilities; provided that, if the regional authority has any bonds outstanding no decrease shall be effected unless one hundred per cent of the holders of the bonds consent thereto in writing.

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Legislative History

SL 1976, ch 303, § 4.

Nearby Sections

15
§ 50-1-1
Definitions.
§ 50-1-2
Repealed
§ 50-1-3
Repealed
§ 50-10-1
Repealed
§ 50-10-2
Repealed.
§ 50-10-2.1
Repealed.
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Bluebook (online)
South Dakota § 50-6A-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/50-6A-12.