Property and assets of every kind belonging to any municipality shall be exempt from taxation and levy and sale on execution.

Terms Used In South Dakota Codified Laws 9-24-6

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

Source: SL 1890, ch 37, art XXII, § 3; RPolC 1903, § 1382; RC 1919, § 6574; SDC 1939, § 45.1425.