There is a newer version
of
this Section
2020 South Dakota Codified Laws
Title 6 - Local Government Generally
Chapter 13 - Disposal of Surplus Government Property
Section 6-13-9 - Sale of real property under installment contract.
Universal Citation: SD Codified L § 6-13-9 (2020)
6-13-9. Sale of real property under installment contract.
The governing board may sell any real property with a purchase price in excess of two hundred fifty dollars under an installment contract. The property may not be sold for less than ninety percent of the appraised value. Before the governing board may sell any real property under an installment contract it shall attempt to sell such property pursuant to §6-13-5 or 6-13-6. The governing board shall determine the terms and conditions of the installment contract including the number of installments, the date of payment and the rate of interest. The purchaser may, at his option, pay the balance or any number of installments on any interest paying date.
Source: SL 1989, ch 62, §1.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
