South Dakota § 1-16A-56.1 - Conveyance provisions inapplicable to refinanced facility--Return of securities when bonds paid or payment provided for.
Full text of South Dakota South Dakota Codified Laws § 1-16A-56.1 — Conveyance provisions inapplicable to refinanced facility--Return of securities when bonds paid or payment provided for., with citation guidance and answers to common questions.
§ 1-16A-56.1. Conveyance provisions inapplicable to refinanced facility--Return of securities when bonds paid or payment provided for.
The provisions of § 1-16A-56 shall not apply to any educational or health facility financed pursuant to §§ 1-16A-54.1 to 1-16A-54.4, inclusive, but the authority shall return the securities purchased through the issuance of bonds thereunder to the participating educational or health institution issuing such securities when such bonds have been fully paid and retired or when adequate provision has been made to pay and retire the same fully and all other conditions of the trust agreement or indenture creating such bonds have been satisfied and the lien thereof has been released in accordance with the provisions hereof.
Source: SL 1976, ch 9, § 3.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 1-16A-56.1
What does South Dakota Codified Laws § 1-16A-56.1 cover?
Section 1-16A-56.1 ("Conveyance provisions inapplicable to refinanced facility--Return of securities when bonds paid or payment provided for.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 1-16A-56.1?
A common citation format is "South Dakota Codified Laws § 1-16A-56.1" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 1-16A-56.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.