Section 40-10-7 - Computation of indemnity paid to owner--Indemnity limited to funds available--Appraised value. - South Dakota Statutes

40-10-7. Computation of indemnity paid to owner--Indemnity limited to funds available--Appraised value. On presentation to the Animal Industry Board of evidence that he has caused swine to be disposed of pursuant to direction given under § 40-10-4, the owner thereof is entitled to reimbursement by the state of a sum equal to one-third of the sum remaining after the proceeds derived from the disposition of such swine has been deducted from the appraised value. If the federal government fails to provide an equal amount of indemnity with the state, then the owner shall receive one-half of the difference between the appraised value and the proceeds derived from the disposition of the swine. The state is not liable for any indemnity if the special livestock disease indemnity fund has been exhausted or in any sum larger than the sum appropriated. As used in this section, appraised value shall mean the amount of appraisement of swine based upon the market value. The fact that the animal is or has been affected with vesicular exanthema, or has been exposed thereto, does not affect appraisal of its market value.

Source: SL 1953, ch 438, §§ 1, 2; SDC Supp 1960, §§ 40.10C01, 40.10C02; SL 1990, ch 325, § 197.