South Dakota § 8-11-4 - Refunding bonds issued on judgment against township--Compromise with judgment creditor.
Full text of South Dakota South Dakota Codified Laws § 8-11-4 — Refunding bonds issued on judgment against township--Compromise with judgment creditor., with citation guidance and answers to common questions.
§ 8-11-4. Refunding bonds issued on judgment against township--Compromise with judgment creditor.
If a judgment has been recovered, either upon the principal or a defaulted coupon of any bond issued by any civil township, establishing the validity thereof in a court of competent jurisdiction, the governing body of the civil township may, by resolution passed and entered upon its records, declaring it to be for the best interests of the civil township, without submitting the matter to a vote of the voters thereof, issue the bonds of the civil township for the purpose of compromising the judgment. The bonds may be delivered to the judgment creditor upon the release by him of the judgment, and shall not exceed the amount due upon the judgment. The township may compromise and settle with the judgment creditor by the delivery of any lesser amount of bonds that the creditor may be willing to accept in settlement or for the release of the judgment. All bonds authorized by this section shall be issued and sold as provided in chapter 6-8B.
Source: SL 1903, ch 81, § 1; RC 1919, § 6997; SDC 1939, § 58.0814; SL 1984, ch 43, § 67.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 8-11-4
What does South Dakota Codified Laws § 8-11-4 cover?
Section 8-11-4 ("Refunding bonds issued on judgment against township--Compromise with judgment creditor.") 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 § 8-11-4?
A common citation format is "South Dakota Codified Laws § 8-11-4" (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 § 8-11-4 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.