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Code · South Dakota · Title 5 · Chapter 5-10

5-10-24. Maximum price bid by state--Allowance for prior encumbrances.

65 words·~1 min read·/sd/title-5/chapter-5-10/5-10-24

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The maximum price which the commissioner of school and public lands shall bid for any such property at any such sale shall be determined by an appraisement, to be made in the same manner that the school and public lands of the state are by law required to be appraised, but such price shall never exceed the amount of prior encumbrances, judgments, interest, and costs.
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