S.D. Codified Laws § 11-11-69

Current through the 2024 Legislative Session
Section 11-11-69 - Purpose of capital reserve fund requirements

To assure the continued operation and solvency of the authority for the carrying out of its corporate purposes, provision is made in §§ 11-11-70 to 11-11-75, inclusive, for the accumulation in each capital reserve fund created thereunder of an amount equal to the maximum capital reserve fund requirement for such fund.

SDCL 11-11-69

SL 1973, ch 180, § 39; SDCL Supp, § 28-19-60.