South Dakota Codified Laws 5-29-14. Title to improvements upon termination
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Notwithstanding any other provision of law to the contrary, upon termination of any such lease, contract, or agreement, the Board of Regents may take title to all improvements comprising the research park.
Terms Used In South Dakota Codified Laws 5-29-14
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Source: SL 2012, ch 46, § 14.