The Board 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.
S.D. Codified Laws § 1-53-18
Property given as security for loan
Known as the South Dakota Certified Beef Program Act
The act spans §§ 1–1 (47 sections).
Source: SL 2012, ch 15, § 4; SL 2022, ch 6, § 4.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.