South Dakota § 11-8-57 - Fair value of property leased, transferred or retained--Factors considered in determining fair value.
Full text of South Dakota South Dakota Codified Laws § 11-8-57 — Fair value of property leased, transferred or retained--Factors considered in determining fair value., with citation guidance and answers to common questions.
§ 11-8-57. Fair value of property leased, transferred or retained--Factors considered in determining fair value.
Such real property or interest shall be sold, leased, otherwise transferred, or retained at not less than its fair value for uses in accordance with the urban renewal plan. In determining the fair value of real property for uses in accordance with the urban renewal plan, a municipality shall take into account and give consideration to the uses provided in such plan; the restrictions upon, and the covenants, conditions and obligations assumed by the purchaser or lessee or by the municipality retaining the property; and the objectives of such plan for the prevention of the recurrence of slum or blighted areas.
Source: SL 1966, ch 149, § 10 (1).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 11-8-57
What does South Dakota Codified Laws § 11-8-57 cover?
Section 11-8-57 ("Fair value of property leased, transferred or retained--Factors considered in determining fair value.") 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 § 11-8-57?
A common citation format is "South Dakota Codified Laws § 11-8-57" (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 § 11-8-57 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.