2017 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 10 - Business Development Credit Corporations
§ 47-10-6 Purchase and sale of property.

47-10-6. Purchase and sale of property. Subject to § 47-10-2, any business development credit corporation shall have the power to purchase, hold, lease, and otherwise acquire and to convey such real and personal estate as it may acquire in the satisfaction of debts, or pursuant to the terms and conditions of loans, or which it acquires in the foreclosure of mortgages thereon, or upon judgments for debt or in settlements to secure debts.

Source: SL 1957, ch 314, § 2; SDC Supp 1960, § 55.6002 (4).

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