South Dakota Codified Laws 9-40-26. Statutory lien continued until bonds paid
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Any such utility shall remain subject to the statutory lien described in § 9-40-25, subject always, however, to the limitations specified in said section, until the payment in full of the principal and interest of such bonds.
Terms Used In South Dakota Codified Laws 9-40-26
- Lien: A claim against real or personal property in satisfaction of a debt.
- utility: as used in this chapter means any system or part of system as referred to in §. See South Dakota Codified Laws 9-40-2
Source: SL 1931, ch 194, § 7; SDC 1939, § 45.2407.