There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 49 PUBLIC UTILITIES AND CARRIERS
Chapter 40. Consumers Power District Dissolution And Sale Of Assets
§49-40-1 Conditions under which assets may be transferred or encumbered.
SD Codified L § 49-40-1 (through 2011) What's This?
49-40-1. Conditions under which assets may be transferred or encumbered. 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.
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