Determination by governing body on limitations conclusive absent fraud or abuse.

  1. Law
  2. South Dakota Codified Laws
  3. Local Government Generally
  4. Bonds of Local Public Bodies
  5. Determination by governing body on limitations conclusive absent fraud or abuse.

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6-8B-63. Determination by governing body on limitations conclusive absent fraud or abuse.

The determination by a governing body that all of the limitations imposed upon the issuance of a credit enhancement obligation have been met is conclusive in the absence of fraud or arbitrary and gross abuse of discretion.

Source: SL 1992, ch 3, §12.


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