South Dakota Codified Laws 31-12A-33. Consolidated road district does not acquire property or obligations of included road districts
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The consolidated road district does not, by virtue of its incorporation, acquire any of the property or assume any of the debts, obligations, or liabilities of any road district included within its boundaries.
Terms Used In South Dakota Codified Laws 31-12A-33
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 2001, ch 159, § 5.