11-11-138 Receiver appointed to safeguard authority's loan.
Receiver appointed to safeguard authority's loan.
In connection with any action
or proceeding pursuant to § 11-11-137, the authority may apply for the appointment of a receiver to
take over, manage, operate, and maintain the affairs of such housing sponsor, and the authority
through such agent as it shall designate is hereby authorized to accept the appointment of such
receiver of any such sponsor when so appointed by a court of competent jurisdiction.
Source: SL 1973, ch 180, § 14 (5); SDCL Supp, § 28-19-119.