South Dakota Codified Laws > Title 6 > Chapter 13 – Disposal of Surplus Government Property


§ 6-13-1	Disposition of surplus property
§ 6-13-2	Appraisal of value of surplus property–Filing of report
§ 6-13-3	Improvements appraised separately–Equipment and property not appraised
§ 6-13-4	Notice by publication of sale of surplus property–Exceptions
§ 6-13-5	Receipt of sealed bids–Sale to highest bidder–Absence of bids–Private sale
§ 6-13-5.1	Sale of property conveyed by a railroad
§ 6-13-5.2	Sale of government property at public auction or through broker–Offers–Notice
§ 6-13-6	Sale by auction–Notice by publication
§ 6-13-7	Persons prohibited from purchasing surplus property–Exception
§ 6-13-8	Deposit and credit of sale revenue
§ 6-13-9	Sale of real property under installment contract
§ 6-13-10	Acceptance of bid for installment contract
§ 6-13-11	Board approval of installment contract sales
§ 6-13-12	Full purchase price paid in cash–Execution of deed
§ 6-13-13	Less than full amount of purchase price in cash–Execution of contract for deed
§ 6-13-14	Transfer, license, or sale of computer software–Notice to board
§ 6-13-15	Transfer of county or municipal museum collections to certain nonprofitorganizations
§ 6-13-16	Loaning of zoo animals

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Appraisal: A determination of property value.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Deed: The legal instrument used to transfer title in real property from one person to another.
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
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.
Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.