When improvements are designated to be offered for sale, the commissioner of school and public lands shall make a list of such improvements and present such list to the Board of Appraisal provided for in § 5-9-3, who shall make an itemized appraisement of the same. No improvements shall be sold for less than the appraised value. The commissioner may disapprove any sale if it is not to the best interest of the state.
S.D. Codified Laws § 5-9-37
Appraisal and minimum price of improvements offered for sale--Disapproval of sale
Source: SL 1923, ch 255, § 2; SDC 1939, § 15.0326; SL 1939, ch 37.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.