South Dakota Codified Laws 11-11-91. Circuit court jurisdiction of proceedings by trustee
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The circuit court has jurisdiction of any suit, action, or proceeding by the trustee on behalf of bondholders.
Terms Used In South Dakota Codified Laws 11-11-91
- 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.
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1973, ch 180, § 44; SDCL Supp, § 28-19-82; SL 2012, ch 78, § 54.