South Dakota Codified Laws 43-30-14. Right, title, or interest in land owned by public utility unaffected by chapter
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This chapter shall not apply to the right, title, or interest in any land owned by any railroad or other public utility corporation or any lessee, trustee, or receiver thereof; nor shall it apply to claims, liens, titles, or rights of action founded upon mortgages or trust deeds executed by any such corporations or the lessees, trustees, or receivers thereof.
Terms Used In South Dakota Codified Laws 43-30-14
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1947, ch 233, § 11; SL 1951, ch 256, § 11; SDC Supp 1960, § 51.16B11.