7-31-31. Apportionment of proceeds of sale of land.
The proceeds of any sale of land bid in and acquired pursuant to chapters 10-23, 10-25, and 10-26, after deducting the expenses incurred by the county in the proceedings to take tax deed and in such sale proceedings, shall be placed to the credit pro rata of the various funds and taxing districts which are the beneficiaries of the tax for the year for which such property was sold at tax sale; provided, however, that it shall be lawful for the county treasurer, in his discretion, to distribute the proceeds received from the sale of any property under the provisions hereof by prorating such proceeds on the basis of the levy for any one year the taxes of which are included in the proceeds of such sale, taking the year which represents the more equitable basis for such distribution.
Source: SL 1939, ch 25, §4; SL 1941, ch 37; SDC Supp 1960, §12.3404 (9); SL 1974, ch 68, §9.
Structure South Dakota Codified Laws
Chapter 31 - Management Of Tax Deed And School Fund Mortgage Lands
Section 7-31-1 - Legislative policy and purpose.
Section 7-31-2 - County commissioners to control land.
Section 7-31-4 - Lease of class one grazing land.
Section 7-31-5 - Lease of class two land--Conservation measures required.
Section 7-31-7 - Permit to erect improvements on leased land--Ownership of improvements.
Section 7-31-8 - Removal of improvements on termination of lease--County property if not removed.
Section 7-31-9 - Payment to lessee for improvements not capable of removal--Time of valuation.
Section 7-31-11 - Deposit of value of improvements--Transfer of ownership.
Section 7-31-12 - Apportionment of rental proceeds from tax-deed lands.
Section 7-31-13 - Apportionment of rental proceeds from school mortgage lands.
Section 7-31-14 - Insurance on county-owned improvements.
Section 7-31-26 - Notice of default given to installment purchaser.
Section 7-31-27 - Service of notice on defaulting installment purchaser.
Section 7-31-28 - Recording of notice of default.
Section 7-31-30 - Proceedings to set aside installment contract in default.
Section 7-31-31 - Apportionment of proceeds of sale of land.
Section 7-31-32 - Exchange of isolated tracts--Advertising and appraisement not required.
Section 7-31-33 - Adjustment between taxing districts after exchange of lands.
Section 7-31-34 - Method of sale of school mortgage lands unaffected.
Section 7-31-35 - Appeal from county commissioners to circuit court.
Section 7-31-36 - Short title of law.
Section 7-31-37 - Oil and gas pooling agreements permitted.
Section 7-31-38 - Mineral, oil and gas leases permitted.
Section 7-31-39 - Royalty agreements required in oil and gas leases.
Section 7-31-40 - Assignment of mineral, oil and gas leases.
Section 7-31-42 - Customary provisions inserted in mineral, oil and gas leases.
Section 7-31-43 - Power of county commissioners to withhold land from oil and gas leasing.
Section 7-31-44 - Sale or other disposition of oil and gas rights.
Section 7-31-46 - County commissioners to direct managing agents--Contracts on behalf of county.
Section 7-31-47 - Assistance by agents in tax-deed and mortgage-foreclosure proceedings.
Section 7-31-48 - Compensation of managing agents--Clerical assistance and supplies.