7-3-7. Inventory and apportionment of assets and liabilities by auditor-general.
If a new county is organized or created out of an organized county in this state or in counties which have been divided and the liabilities and assets of the county as it existed prior to the division of the county have not been apportioned and divided by the board of county commissioners of the original county and the newly organized portion, the auditor-general of this state shall make an inventory of all of the assets and liabilities of the original county and the new county or counties and estimate the value and amount of the assets and liabilities. After notice to the county commissioners of the counties affected, the auditor-general shall apportion the liabilities and assets of the counties in the manner provided by law for the apportionment of bonded indebtedness.
Source: SL 1917, ch 175, §1; RC 1919, §5776; SDC 1939, §12.0404; SL 2016, ch 44, §2.
Structure South Dakota Codified Laws
Chapter 03 - Division Of Counties
Section 7-3-1 - Petition for division of county--Contents and filing--Minimum size of new county.
Section 7-3-2 - Voters' approval of division--Name and organization of new county.
Section 7-3-3 - Revision of commissioner districts after division of county.
Section 7-3-6 - Sale of county bonds based on advertising and award before division.
Section 7-3-7 - Inventory and apportionment of assets and liabilities by auditor-general.
Section 7-3-8 - Auditor-general's report filed with county auditors--Conclusive evidence.
Section 7-3-10 - Auditor-general's apportionment final if no action brought.
Section 7-3-11 - Warrants issued for settlement of accounts between counties.
Section 7-3-12 - Expenses of auditor-general--Apportionment and payment by counties.
Section 7-3-13 - Transfer of books, records, and files relating exclusively to new county.
Section 7-3-17 - Transcript of records obtained by new county--Evidentiary value.
Section 7-3-20 - Affidavit as to transcription of all records.
Section 7-3-22 - County commissioners' discretion in transcription of records.