S.D. Codified Laws § 40-21-16

Current through the 2024 Legislative Session

Section 40-21-16 - Separate fund for sale proceeds of undetermined ownership held by board-Period for which held-Payment to owner on proof of ownership

Any funds held by the board from the sale of livestock of undetermined ownership shall be placed into a separate interest bearing fund. Such funds shall be kept for a period of time not to exceed one year. If proof of ownership is made, satisfactory to the board within one year, all proceeds less authorized deductions shall be paid to the owner.

SDCL 40-21-16

SL 1943, ch 142, § 11; SL 1949, ch 144, § 4; SDC Supp 1960, § 40.12A06; SL 1967, ch 165; SL 1988, ch 328, § 91.