10-28-11. Nonoperating property defined--Rules.The term 'nonoperating property' means all land and improvements on such land, not situated on the right-of-way or station grounds of the railroad and not used as 'operating property' within the meaning of the definition set out in §§10-28-1 and 10-28-2. The secretary of revenue may promulgate rules pursuant to chapter 1-26 to define 'nonoperating property.' Source: SDC 1939, §57.1301; SL 1987, ch 82, §7; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011.
South Dakota Legal Code