<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 1-53-27 - Purchase and acquisition of property securing indebtedness. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2032271Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2032271SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2032271CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2032271Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2032271DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2032271000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2032271SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2032271SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2032271Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-53-27"><span class="s2032271SENU">1-53-27</span></a><span xml:space="preserve" class="s2032271SENU">. </span><span class="s2032271CL">Purchase and acquisition of property securing indebtedness.</span></p><p dir="ltr" class="s2032271Normal-000000"><span xml:space="preserve" class="s2032271DefaultParagraphFont">The commissioner of the Governor's Office of Economic Development, with the approval of the Governor, is authorized and empowered to bid for and purchase at any execution, foreclosure, or other sale, or otherwise to acquire property upon which the commissioner has a lien by reason of a judgment or execution, or which is pledged, mortgaged, conveyed, or which otherwise secures any loan or other indebtedness owing to or acquired by the commissioner under §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-53-23"><span class="s2032271DefaultParagraphFont">1-53-23</span></a><span xml:space="preserve" class="s2032271DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-53-37"><span class="s2032271DefaultParagraphFont">1-53-37</span></a><span class="s2032271DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2032271Normal"><span xml:space="preserve" class="s2032271000001"> </span></p><p dir="ltr" class="s2032271Normal"><span class="s2032271SCL">Source:</span><span xml:space="preserve" class="s2032271SCL-000002"> SL 1951, ch 4, § 5; SDC Supp 1960, § 4.0119(2); SDCL § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=38-6-6"><span class="s2032271SCL-000002">38-6-6</span></a><span xml:space="preserve" class="s2032271SCL-000002">; SL 2019, ch 235 (Ex. Ord. </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=19-1"><span class="s2032271SCL-000002">19-1</span></a><span class="s2032271SCL-000002">), § 46, eff. Apr. 14, 2019.</span></p></div></body></html>