South Dakota § 49-40-6 - Allocation of bonded indebtedness as between municipality and other transferee--Terms of court award.
Full text of South Dakota South Dakota Codified Laws § 49-40-6 — Allocation of bonded indebtedness as between municipality and other transferee--Terms of court award., with citation guidance and answers to common questions.
§ 49-40-6. Allocation of bonded indebtedness as between municipality and other transferee--Terms of court award.
When the sum that is fair and reasonable shall have been determined as provided in § 49-40-5, the court shall deduct therefrom and allow as a credit upon such sum an amount that bears the same proportion to such sum as the amount of the bonds that have been paid, redeemed or liquidated, and the reserves established therefor by said district, out of the earnings from the operation of the district while such municipality was within and a part of such district, bears to the total amount of the bonded indebtedness of such district issued to finance the purchase price and the cost of construction of the entire property of such district. In entering its award the court shall show how much of the total thereof was allowed for the physical property taken and how much was allowed for other values and damages, if any.
Source: SL 1950 (SS), ch 17, § 65; SDC Supp 1960, § 52.1764.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 49-40-6
What does South Dakota Codified Laws § 49-40-6 cover?
Section 49-40-6 ("Allocation of bonded indebtedness as between municipality and other transferee--Terms of court award.") 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 § 49-40-6?
A common citation format is "South Dakota Codified Laws § 49-40-6" (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 § 49-40-6 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.