There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 49 PUBLIC UTILITIES AND CARRIERS
Chapter 33. Electric, Street Railway And Gas Corporations
§49-33-9 Powers of corporation--Purchase of property--Disposition of unneeded property.
SD Codified L § 49-33-9 (through 2011) What's This?
49-33-9. Powers of corporation--Purchase of property--Disposition of unneeded property. Every corporation organized under this chapter shall have power to acquire by purchase or under the provisions of chapter 49-34 all such real and other property as may be necessary for the operation of its railway, power and lighting plants and grounds and accommodation reasonably necessary to accomplish the objects of its incorporation; to hold and use the same; and to lease, sell, or otherwise dispose of any part or parcel when not required and no longer necessary for its use.
Source: SDC 1939, § 52.1509 (4).
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