There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 1 STATE AFFAIRS AND GOVERNMENT
Chapter 16A. Health and Educational Facilities Authority
§1-16A-52.5 Return of securities to issuer when provision made for payment.
SD Codified L § 1-16A-52.5 (through 2011) What's This?
1-16A-52.5. Return of securities to issuer when provision made for payment. The provisions of § 1-16A-56 shall not apply to any educational or health facility financed pursuant to §§ 1-16A-52.1 to 1-16A-52.5, inclusive, but the authority shall return the securities purchased through the issuance of bonds thereunder to the issuer of such securities when such securities have been fully paid or when such bonds have been fully paid and retired or when adequate provision, not involving the application of such securities, has been made to pay and retire the same fully, all other conditions of the trust agreement or indenture creating such bonds have been satisfied and the lien thereof has been released in accordance with the provisions hereof.
Source: SL 1979, ch 7, § 6.
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