Section 10-28-12 - Unit valuation of railroad operating property.
10-28-12. Unit valuation of railroad operating property. The secretary of revenue and regulation shall, in determining the fair market value of the property, value all the property of any railroad company as a unit, but shall make due allowance for any nonoperating property.
Source: SDC 1939, § 57.1305; SL 1997, ch 61, § 1; SL 2003, ch 272, § 82.