Leasing of operating property to private individuals for the purpose of assembling goods, wares, and merchandise for shipping by a railroad or for the purpose of receiving and assembling from shipment by a railroad does not change the character of real estate from operating to nonoperating property.

Source: SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995.

General Authority: SDCL 10-28-25.

Law Implemented: SDCL 10-28-1 , 10-28-11.