South Dakota Codified Laws 1-53-29. Investment, transfer, and sale of securities and obligations–Purposes
The commissioner of the Governor’s Office of Economic Development, with the approval of the Governor, is authorized and empowered to negotiate, renegotiate, invest, reinvest, transfer, and sell securities, notes, bonds, mortgages, and other obligations, including funds and the proceeds of trust assets, in such manner and upon such terms, conditions and for such periods of time consistent with and for carrying out the purposes of §§ 1-53-23 to 1-53-37, inclusive, and to do any and all things necessary to effectuate and carry out the purposes permissible under the charter of the now dissolved South Dakota Rural Rehabilitation Corporation.
Terms Used In South Dakota Codified Laws 1-53-29
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
Source: SDC Supp 1960, § 4.0119(4) as added by SL 1961, ch 2, § 1; SDCL § 38-6-8; SL 2019, ch 235 (Ex. Ord. 19-1), § 48, eff. Apr. 14, 2019.