South Dakota Codified Laws 13-52-1. Acceptance and administration of gifts by regents–Application to specific purposes
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Notwithstanding the provisions of § 5-24-12, the Board of Regents as constituted by chapter 13-49, may accept, receive, and administer gifts, other than of real property and of funds for building purposes, made for the benefit of any institution of higher education under its control or subject to its administration, and such gifts shall be used by it only for the specific purposes for which they are given.
Terms Used In South Dakota Codified Laws 13-52-1
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 1955, ch 45; SDC Supp 1960, § 15.0734.