5-8-1. Rural credit board abolished--Powers transferred to commissioner of school and public lands. The South Dakota Rural Credit Board is hereby abolished and all its powers and duties are hereby transferred to, and shall be exercised and performed by the commissioner of school and public lands; and the duties and powers heretofore vested in the rural credit director are hereby transferred to, and shall be exercised and performed by the commissioner of school and public lands.
Source: SL 1959, ch 292, § 1; SDC Supp 1960, § 55.3201-1.
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