South Dakota Codified Laws 49-17-26. Payment to state of portion of revenue increase from improved service
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Agreements entered into between the Department of Transportation and railroad corporations, pursuant to § 49-17-24, may require payment by the railroad corporation of a portion of increased revenue derived from the improved branch line to the state.
Terms Used In South Dakota Codified Laws 49-17-26
- 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: SL 1978, ch 342, § 4.