47-10-6. Purchase and sale of property.Subject to §47-10-2, any business development credit corporation shall have the power to purchase, hold, lease, and otherwise acquire and to convey such real and personal estate as it may acquire in the satisfaction of debts, or pursuant to the terms and conditions of loans, or which it acquires in the foreclosure of mortgages thereon, or upon judgments for debt or in settlements to secure debts. Source: SL 1957, ch 314, §2; SDC Supp 1960, §55.6002 (4).
South Dakota Legal Code