11-11-69. Purpose of capital reserve fund requirements.To assure the continued operation and solvency of the authority for the carrying out of its corporate purposes, provision is made in §§11-11-70 to 11-11-75, inclusive, for the accumulation in each capital reserve fund created thereunder of an amount equal to the maximum capital reserve fund requirement for such fund. Source: SL 1973, ch 180, §39; SDCL Supp, §28-19-60.
South Dakota Legal Code