Section 11-11-136 - Foreclosure against collateral securing loans to mortgage lenders. - South-dakota Statutes

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11-11-136. Foreclosure against collateral securing loans to mortgage lenders. The authority shall have the power, as necessary or convenient to carry out and effectuate the purposes and provisions of this chapter and, subject to any agreement with bondholders or noteholders, to collect, enforce the collection of, and foreclose on any collateral securing its loans to mortgage lenders and acquire or take possession of such collateral and sell the same at public or private sale, with or without public bidding, and otherwise deal with such collateral as may be necessary to protect the interest of the authority therein.

Source: SL 1973, ch 180, § 17 (5); SDCL Supp, § 28-19-117.

State Codes and Statutes

Statutes > South-dakota > Title-11 > Chapter-11 > Statute-11-11-136

11-11-136. Foreclosure against collateral securing loans to mortgage lenders. The authority shall have the power, as necessary or convenient to carry out and effectuate the purposes and provisions of this chapter and, subject to any agreement with bondholders or noteholders, to collect, enforce the collection of, and foreclose on any collateral securing its loans to mortgage lenders and acquire or take possession of such collateral and sell the same at public or private sale, with or without public bidding, and otherwise deal with such collateral as may be necessary to protect the interest of the authority therein.

Source: SL 1973, ch 180, § 17 (5); SDCL Supp, § 28-19-117.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-11 > Chapter-11 > Statute-11-11-136

11-11-136. Foreclosure against collateral securing loans to mortgage lenders. The authority shall have the power, as necessary or convenient to carry out and effectuate the purposes and provisions of this chapter and, subject to any agreement with bondholders or noteholders, to collect, enforce the collection of, and foreclose on any collateral securing its loans to mortgage lenders and acquire or take possession of such collateral and sell the same at public or private sale, with or without public bidding, and otherwise deal with such collateral as may be necessary to protect the interest of the authority therein.

Source: SL 1973, ch 180, § 17 (5); SDCL Supp, § 28-19-117.