Section 6-8B-44 - Recital of authority for issuance--Incontestability after delivery for value. - South Dakota Statutes

6-8B-44. Recital of authority for issuance--Incontestability after delivery for value. Any resolution, ordinance, or other instrument may provide that each refunding bond shall recite that it is issued pursuant to this chapter. The recital shall conclusively impart full compliance with §§ 6-8B-30 to 6-8B-52, inclusive. All refunding bonds issued containing the recital are incontestable for any cause whatsoever after their delivery for value.

Source: SL 1974, ch 54, § 12; SDCL Supp, § 6-8A-18; SL 1984, ch 43, § 40.