Statutes, codes, and regulations
South Dakota Codified Laws
Title 46A - WATER MANAGEMENT
Chapter 9 - WATER USER DISTRICTS
Section 46A-9-72 - Mortgage or trust deed to secure payment of borrowed money-Foreclosure upon default and appointment of receiver

S.D. Codified Laws § 46A-9-72

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Current through the 2024 Legislative Session
Section 46A-9-72 - Mortgage or trust deed to secure payment of borrowed money-Foreclosure upon default and appointment of receiver

If any water user district created under this chapter shall execute and deliver a mortgage or trust deed to secure the payment of any moneys borrowed by it for the purposes herein authorized, it may be provided in such mortgage or trust deed that the same may be foreclosed upon default and that a receiver may be appointed by any court of competent jurisdiction with such authority as may be provided for in such mortgage or trust deed.

SDCL 46A-9-72

SL 1939, ch 291, § 15; SDC Supp 1960, § 61.1315 (2); SDCL, § 46-16-70.