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2017 South Dakota Codified Laws
Title 1 - STATE AFFAIRS AND GOVERNMENT
Chapter 53 - Governor's Office of Economic Development
§ 1-53-18 Property given as security for loan.
Universal Citation: SD Codified L § 1-53-18 (2017)
1-53-18. Property given as security for loan. The Governor's Office of Economic Development may take title by foreclosure or transfer in lieu of foreclosure to any property given as security if the acquisition is necessary to protect or collect any small business credit initiative loan and may sell, transfer, or convey any such property to any responsible buyer.
Source: SL 2012, ch 15, ยง 4.
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