South Dakota Codified Laws 9-5-20. Continuation in force of ordinances, contracts, rights and liabilities of annexedmunicipality and school district
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All ordinances, resolutions, contracts, franchises, obligations, rights, and liabilities of the annexed municipality or school district shall continue in force and effect the same as though no consolidation had occurred except as herein otherwise provided or except as completed, discharged, modified, repealed, or otherwise changed in the manner provided by law.
Terms Used In South Dakota Codified Laws 9-5-20
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Source: SL 1951, ch 249, § 13; SDC Supp 1960, § 45.29A13.