Section 49-16A-43.2 - Notice of sale of railroad property--Publication--Copy to be mailed to lessee. - South Dakota Statutes

49-16A-43.2. Notice of sale of railroad property--Publication--Copy to be mailed to lessee. Prior to any sale of railroad property, except to the South Dakota Railroad Authority or to another railroad, the owner of such property shall publish a notice that such property is to be sold. The notice shall be published in the official newspaper of the political subdivision where such property is located. The notice shall be published at least once each week for at least two consecutive weeks. A copy of the notice shall also be mailed to each lessee of such property by certified mail at least two weeks prior to such sale. The notice shall contain a description of the property to be sold and the location for information concerning the sale.

Source: SL 1988, ch 373, § 2.