2015 South Dakota Codified Laws
Title 11 - PLANNING, ZONING AND HOUSING PROGRAMS
Chapter 09 - Tax Incremental Districts
§ 11-9-44 Notice to purchaser or lessee and surety of default in contract--Taking possession of property on default.
11-9-44. Notice to purchaser or lessee and surety of default in contract--Taking possession of property on default.
If the governing body finds that the redevelopment is not being carried out or maintained in accordance with the contract terms and conditions, or there is a failure to prosecute the work with diligence, or to assume its completion on time, it shall notify the purchaser or lessee and the surety in writing of the noncompliance. Unless the purchaser or lessee complies with the terms of the agreement within twenty days from the date of such notice, the governing body may take over the work and may cause such work to be done, and the cost of the work shall be paid by the surety. The governing body may take possession of the site of the work and utilize in completion of the work such materials, appliances, and plant as may be on the site of the work and necessary therefor.
Source: SL 1978, ch 91, ยง 9.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
