There is a newer version of the South Dakota Codified Laws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
§49-40-7 Transfer of assets to private person prohibited.
SD Codified L § 49-40-7 (through 2011) What's This?
49-40-7. Transfer of assets to private person prohibited. The governing body of a consumers power district may never lease nor alienate the franchises, plant, or physical equipment of the district to any private person, firm, association, or corporation except a political subdivision or public corporation, another consumers power district, or nonprofit cooperative financed in whole or in part by the Rural Electrification Administration or any other federal agency for operating, or for any other purpose.
Source: SL 1950 (SS), ch 17, § 69; SDC Supp 1960, § 52.1768; SL 1998, ch 276, § 30.
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