Property and assets of every kind belonging to any municipality shall be exempt from taxation and levy and sale on execution.
S.D. Codified Laws § 9-24-6
Municipal property exempt from taxation and execution
Applied in 2 court decisions — leading case In re C M Corp. (1983)
Most recently applied in Petition of CM Corp. (June 1983)
Source: SL 1890, ch 37, art XXII, § 3; RPolC 1903, § 1382; RC 1919, § 6574; SDC 1939, § 45.1425.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.