49-34-10. Foreclosure of security--Succession to rights and powers.
In case of a judicial sale by virtue of any trust deed or mortgage authorized by §49-34-9, any person or any other corporation organized under the provisions of chapter 49-33 may become the purchaser thereat, and the person or corporation acquiring title under such sale, his or its associates, successors or assigns shall thereafter have, exercise, and enjoy all the rights, powers, franchises, and advantages, which were possessed by such corporation making the same or contracting the debt, as fully and absolutely as such corporation, its officers, or agents might have done had such sale not taken place.
Source: SDC 1939, §52.1516; SL 1947, ch 237.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 34 - Electric, Gas, Water, Heating, Refrigeration And Street Railways Facilities And Service
Section 49-34-1 - Use of public way for transmission facilities.
Section 49-34-2 - Construction standards--Obstruction of travel--Repairs.
Section 49-34-3 - Contracts for central heating.
Section 49-34-4 - Acquiring property for accessory facilities--Procedure for condemnation.
Section 49-34-5 - Condemnation of parks or boulevards prohibited.
Section 49-34-8 - Extension of foreign facilities through state--Local taxation and regulation.
Section 49-34-9 - Power to borrow money and give security--Resolution of board of directors.
Section 49-34-10 - Foreclosure of security--Succession to rights and powers.
Section 49-34-11.1 - Public utility defined.
Section 49-34-13 - False meter readings as misdemeanor.
Section 49-34-14 - Overcharging--Civil fine.
Section 49-34-15 - Destruction of facilities as felony.
Section 49-34-16 - Unauthorized or fraudulent connection as misdemeanor--Civil liability unaffected.
Section 49-34-18 - Unauthorized use of service--Definitions.
Section 49-34-19.1 - Tampering with back flow preventer a misdemeanor.