South Dakota § 1-16B-18 - Terms of notes and bonds--Maturity--Interest--Registration--Redemption--Sale.
Full text of South Dakota South Dakota Codified Laws § 1-16B-18 — Terms of notes and bonds--Maturity--Interest--Registration--Redemption--Sale., with citation guidance and answers to common questions.
§ 1-16B-18. Terms of notes and bonds--Maturity--Interest--Registration--Redemption--Sale.
Notes and bonds shall be authorized by resolution of the authority, shall bear the dates and shall mature at the times the resolution provides, except that no bond may mature more than twenty years from the date of its issue. The bonds may be issued as serial bonds payable in annual installments, or as term bonds, or as a combination thereof. The notes and bonds shall bear interest at the rate, be in denominations, be either coupon or registered, carry registration privileges, be executed in the manner, be payable in the medium of payment and at the place, and be subject to the terms of redemption that the resolution provides. The notes and bonds of the authority may be sold by the authority at public or private sale at the price determined by the authority.
Source: SL 1978, ch 9, § 12; SL 2009, ch 1, § 9.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 1-16B-18
What does South Dakota Codified Laws § 1-16B-18 cover?
Section 1-16B-18 ("Terms of notes and bonds--Maturity--Interest--Registration--Redemption--Sale.") 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 § 1-16B-18?
A common citation format is "South Dakota Codified Laws § 1-16B-18" (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 § 1-16B-18 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.