Purchaser not responsible for application of proceeds.

  1. Law
  2. South Dakota Codified Laws
  3. Local Government Generally
  4. Bonds of Local Public Bodies
  5. Purchaser not responsible for application of proceeds.

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6-8B-49. Purchaser not responsible for application of proceeds.

No purchaser of any refunding bond is responsible for the application of the proceeds thereof by the issuer or any of its officers, agents, or employees.

Source: SL 1974, ch 54, §10; SDCL Supp, §6-8A-27; SL 1984, ch 43, §47.


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