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64 chapters · 1,082 sections in this title.
SDCL § 49-40-1 Conditions under which assets may be transferred or encumbered
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No power plant or system owned by a consumers power district shall be sold, alienated or mortgaged by such district, except under the circumstances set forth in this chapter. Source: SL 1950 (SS), ch 17 , § 59; SDC Supp 1960, § 52.1758.
SDCL § 49-40-10 Court hearing and investigation respecting dissolution--Filing order of dissolution with clerk of courts and secretary of state
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After such hearing and such independent investigation as may be deemed advisable, the court shall grant or reject the prayer of a petition filed pursuant to § 49-40-9 , and, if the prayer of the petition is granted, the court shall thereupon issue its order declaring the district…
SDCL § 49-40-2 Hypothecation of assets permitted
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If, in order to borrow money, it shall become necessary that a consumers power district mortgage, or otherwise hypothecate, any of its said property or assets to secure the payment of a loan or loans made to it, such district is hereby authorized and empowered to do so. Source: S…
SDCL § 49-40-3 Sale of consumers power district assets
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Any consumers power district may sell any power plant, electric generating plant, electric transmission, or distribution system, or any part thereof, for any sum and upon any terms that the board of directors of the district may consider fair and reasonable. Source: SL 1950 (SS),…
