5-29-13. Commercially reasonable performance required--Enforcement and termination.
Each lease, contract, or agreement shall contain provisions that require commercially reasonable performance by the private lessee or contractor. Each lease, contract, or agreement shall contain provisions that reserve to the Board of Regents the power to enforce the requirements of this chapter and of any leases, contracts, or agreements issued pursuant to it, which reserved powers shall include the power of termination.
Source: SL 2012, ch 46, ยง13.
Structure South Dakota Codified Laws
Title 5 - Public Property, Purchases and Contracts
Section 5-29-1 - Legislative findings.
Section 5-29-3 - Research parks on state lands.
Section 5-29-4 - Accommodation of all kinds of facilities.
Section 5-29-5 - Lands subject to school and public lands trust.
Section 5-29-6 - Mineral rights.
Section 5-29-7 - Geothermal resources.
Section 5-29-8 - Structures and mineral leases may not disturb use of research park.
Section 5-29-9 - Authorized agreements.
Section 5-29-10 - Construction of agreements to permit only authorized uses.
Section 5-29-11 - Security for financing.
Section 5-29-12 - Lease period limit.
Section 5-29-13 - Commercially reasonable performance required--Enforcement and termination.
Section 5-29-14 - Title to improvements upon termination.
Section 5-29-15 - State not liable for research park debts.
Section 5-29-16 - Formation of research park corporations.
Section 5-29-17 - Board of directors appointed by Board of Regents.
Section 5-29-18 - Net earnings of research park corporation.
Section 5-29-19 - Research park corporation not a public body.
Section 5-29-21 - Research park corporation to have powers of nonprofit corporation.