Statutes > South Dakota Statutes > Title 5 - PUBLIC PROPERTY, PURCHASES AND CONTRACTS > Chapter 12 - South Dakota Building Authority > Section 5-12-54 - Liability of authority and special purpose corporation.

Section 5-12-54 - Liability of authority and special purpose corporation.

5-12-54. Liability of authority and special purpose corporation. The authority is not liable for any bond issued, incurred, or created by the corporation under §§ 5-12-48 to 5-12-60, inclusive, or for any act or failure to act of the corporation. The corporation may not be liable for any obligation of the South Dakota Building Authority or for any act or failure to act by the building authority.

Source: SL 2001, ch 27, § 7.