7-19-6. Validation of prior mortgage compromises by county commissioners.
Any school fund loan mortgage or courthouse or jail building fund mortgage compromised by any board of county commissioners before February 16, 1935, is hereby legalized and declared to be valid, if such compromise was made in good faith and in the interest and to the advantage of the county.
Source: SL 1935, ch 81, §3; SDC 1939, §12.1916.
Structure South Dakota Codified Laws
Chapter 19 - Prosecution Of Claims By County
Section 7-19-1 - Circuit court authorization for commencement and prosecution of action.
Section 7-19-2 - County purchase of real estate sold on execution.
Section 7-19-3 - Compromise of mortgage indebtedness authorized on refinancing.
Section 7-19-4 - Resolution for compromise of mortgage indebtedness.
Section 7-19-5 - Circuit court hearing and confirmation of mortgage indebtedness compromise.
Section 7-19-6 - Validation of prior mortgage compromises by county commissioners.
Section 7-19-7 - School mortgage obligation to state unimpaired.
Section 7-19-8 - Action to set aside mortgage compromise prohibited.
Section 7-19-9 - Action to set aside county conveyance after mortgage compromise prohibited.