South Dakota Statutes
§ 9-5-17 — Title to school district property after consolidation--Assumption of debts and obligations.
The school district as enlarged by such consolidation shall have title to all real and personal property of both school districts. All debts and obligations of the school districts as enlarged by such consolidation, other than existing bonded indebtedness, shall be assumed and paid by the school district as enlarged by such consolidation.
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South Dakota § 9-5-17 (Title to school district property after consolidation--Assumption of debts and obligations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1951, ch 249, § 12; SDC Supp 1960, § 45.29A12.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.