The rental proceeds from real estate acquired by counties in satisfaction of a school-loan mortgage or through foreclosure of such shall be distributed as provided by existing laws.
S.D. Codified Laws § 7-31-13
Apportionment of rental proceeds from school mortgage lands
Known as the County Land Administration and Management Law
The act spans §§ 7–7 (41 sections).
Source: SL 1939, ch 25, § 8; SL 1945, ch 35; SDC Supp 1960, § 12.3411 (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.