There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 46A WATER MANAGEMENT
Chapter 06. Irrigation District Contracts And Financing
§46A-6-51 Transfer of assets and liabilities of nonprofit entity to district--Approval by governing board and electors.
SD Codified L § 46A-6-51 (through 2011) What's This?
46A-6-51. Transfer of assets and liabilities of nonprofit entity to district--Approval by governing board and electors. Any nonprofit corporation, cooperative, or association located within an irrigation district may transfer assets, liabilities, contracts, or other obligations to the irrigation district. To be valid, such transfer shall be approved by formal resolution of the governing body of the transferring entity and also shall be approved in an election thereon by an affirmative majority vote of the district electors voting on the question.
Source: SL 1984, ch 295, § 1.
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