South Dakota Statutes
§ 9-40-24 — Exchange of bonds for underlying debt--Application of proceeds to debt.
South Dakota § 9-40-24
This text of South Dakota § 9-40-24 (Exchange of bonds for underlying debt--Application of proceeds to debt.) 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 § 9-40-24 (2026).
Text
Bonds may be issued and negotiated subject to this chapter, in exchange for or in satisfaction of an underlying lien, debt, or charge on the utility, and the proceeds applied in payment of the same at or before maturity of the underlying lien or debt.
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Legislative History
SL 1931, ch 194, § 18; SDC 1939, § 45.2417; SL 1949, ch 191, § 9; SL 1984, ch 43, § 81.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 9-40-24, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/9-40-24.