South Dakota Statutes
§ 50-6A-12 — Exclusion of subdivisions from authority--Assets and liabilities--Bondholders' consent.
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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South Dakota § 50-6A-12 (Exclusion of subdivisions from authority--Assets and liabilities--Bondholders' consent.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed§ 50-1-3
Repealed§ 50-10-1
Repealed§ 50-10-13
Transferred to §§ 50-10-14
Transferred to §§ 50-10-15
Transferred to §§ 50-10-16
Transferred to §§ 50-10-17
Transferred to §§ 50-10-18
Transferred to §§ 50-10-19
Transferred to §§ 50-10-2
Repealed.§ 50-10-2.1
Repealed.§ 50-10-20
Transferred to §§ 50-10-21
Transferred to §