Statutes > South Dakota Statutes > Title 49 - PUBLIC UTILITIES AND CARRIERS > Chapter 40 - Consumers Power District Dissolution And Sale Of Assets > Section 49-40-1 - Conditions under which assets may be transferred or encumbered.

Section 49-40-1 - Conditions under which assets may be transferred or encumbered.

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.