No purchaser of any refunding bond is responsible for the application of the proceeds thereof by the issuer or any of its officers, agents, or employees. Source: SL 1974, ch 54 , § 10; SDCL Supp, § 6-8A-27; SL 1984, ch 43 , § 47.
Purchaser not responsible for application of proceeds
SDCL § 6-8B-49 — under BONDS OF LOCAL PUBLIC BODIES.
SDCL § 6-8B-49