There is a newer version
of
this Section
2017 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 21 - Rural Electric Cooperatives
§ 47-21-63 Powers of cooperative--Dealing in property and equipment.
Universal Citation: SD Codified L § 47-21-63 (2017)
47-21-63. Powers of cooperative--Dealing in property and equipment. A cooperative may construct, purchase, lease as lessee, or otherwise acquire, and equip, maintain, and operate, and sell, assign, convey, lease as lessor, mortgage, pledge, or otherwise dispose of or encumber, transmission and distribution lines or systems, electric generating plants, land, buildings, structures for office, distribution of energy or warehousing, dams, plants and equipment, which are necessary to accomplish the purpose for which the cooperative is organized.
Source: SL 1947, ch 33, § 4; SDC Supp 1960, § 11.2204 (5); SL 1994, ch 349, § 2.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
