South Dakota Code § 5-12-54

Liability of authority and special purpose corporation
Open in Lexace · Ask the AI about this section
The authority is not liable for any bond issued, incurred, or created by the corporation under §§
5-12-48
to
5-12-59
, inclusive, or for any act or failure to act of the corporation. The corporation may not be liable for any obligation of the South Dakota Building Authority or for any act or failure to act by the building authority.

‹ Prev All South Dakota sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.