The determination by a governing body that all of the limitations imposed upon the issuance of a credit enhancement obligation have been met is conclusive in the absence of fraud or arbitrary and gross abuse of discretion.
S.D. Codified Laws § 6-8B-63
Determination by governing body on limitations conclusive absent fraud or abuse
Source: SL 1992, ch 3, § 12.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.