South Dakota Codified Laws 13-59-12. Lake County museum building as state property
The Lake County Historical Museum building located on the campus of Dakota State University at Madison is the property of the State of South Dakota. The purpose of the Lake County Historical Museum is to house items of historical interest owned, donated or loaned to the Lake County Historical Society of Historical Interest to the State of South Dakota or to the United States of America; to contain offices and headquarters of the Lake County Historical Society, the donor corporation, and a memorial room to honor pioneers selected by it, who have made a significant contribution to the progress of Lake County and the State of South Dakota; and to contain sufficient space to provide educational opportunities for the university commensurate with the cost of maintaining and paying the operational expense of such building as provided in § 13-59-17.
Terms Used In South Dakota Codified Laws 13-59-12
- 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.
- Donor: The person who makes a gift.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1959, ch 80, § 4; SDC Supp 1960, § 15.1305; SL 1975, ch 128, § 362; SL 1989, ch 170, § 6.