South Dakota Codified Laws 11-11-138. Receiver appointed to safeguard authority’s loan
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In connection with any action or proceeding pursuant to § 11-11-137, the authority may apply for the appointment of a receiver to take over, manage, operate, and maintain the affairs of such housing sponsor, and the authority through such agent as it shall designate is hereby authorized to accept the appointment of such receiver of any such sponsor when so appointed by a court of competent jurisdiction.
Terms Used In South Dakota Codified Laws 11-11-138
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Source: SL 1973, ch 180, § 14 (5); SDCL Supp, § 28-19-119.