No public officer who is authorized to sell or lease any property, or make any contract in the officer's official capacity may become voluntarily interested individually in any sale, lease, or contract, directly or indirectly with such entity. A violation of this section is a Class 2 misdemeanor unless the act is exempted by law.
S.D. Codified Laws § 3-16-7
Officer's interest in public contract as misdemeanor
Applied in 1 court decision — leading case Seymour v. Western Dakota Vocational Technical Institute (1988)
Most recently applied in Seymour v. Western Dakota Vocational Technical Institute (February 1988)
Source: PenC 1877, § 499; CL 1887, § 6700; RPenC 1903, § 521; RC 1919, § 3816; SDC 1939, § 13.1308; SL 1980, ch 24, § 46; SL 2014, ch 44, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.