South Dakota Codified Laws 10-25-27. Rental of property acquired by county under tax deed–Apportionment of proceeds
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The board of county commissioners shall control the rental of real property acquired by the county under tax deed. The rental proceeds from real property acquired by a county under tax deed shall, after deducting the expenses of collecting the proceeds, be apportioned by the county officials controlling the proceeds in the same manner as taxes are apportioned from the real property if the real property was still contributing in taxes.
Terms Used In South Dakota Codified Laws 10-25-27
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 1933, ch 66; SDC 1939, § 57.1123; SL 2018, ch 63, § 150.