9-27-8. Proceeds of sale applied to payment of liens--Cancellation of unpaid balance.
Such municipality shall hold real estate acquired pursuant to §9-27-2 as a trustee for itself and any other taxing unit having a lien thereon, and upon a sale of said real estate all such liens shall be paid in their order of priority. When all the money received less costs has been applied upon the payment of the tax liens, if there be any unpaid balance left, it shall be canceled.
Source: SL 1935, ch 156, §3; SDC 1939, §45.2120.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 27 - Acquisition And Disposition Of Real Estate
Section 9-27-1 - Appropriation and condemnation of private property--Resolution of necessity.
Section 9-27-3 - Payment by municipality of prior lien--Foreclosure after municipal failure to pay.
Section 9-27-8 - Proceeds of sale applied to payment of liens--Cancellation of unpaid balance.
Section 9-27-9 - Purchase of tax sale certificates authorized--Amount paid to county.
Section 9-27-29 - Conveyance to school district of property not required for public purposes.
Section 9-27-30 - Resolution for transfer to school district--Deed of conveyance.
Section 9-27-31 - Petition for donation of courthouse site to county--Submission to voters.
Section 9-27-32 - Conveyance to county of courthouse site after approval by voters.
Section 9-27-34 - Exchange of lands with United States.
Section 9-27-34.1 - Exchange of land with private owner--Appraisal--Public notice and hearing.