GroundRules
SDCL § 5-10-24: Maximum price bid by state--Allowance for prior encumbrances.
Where this section sits in the code
- TITLE 5. PUBLIC PROPERTY, PURCHASES AND CONTRACTS
- CHAPTER 5-10. STATE SCHOOL AND ENDOWMENT FUNDS
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.
Collected 2026-09-03T15:18:56Z. Source file · JSON