49-34-11. Recordation of security with secretary of state--Effective date of lien--After acquired property.
Any trust deed or mortgage executed by a corporation organized under the provisions of chapter 49-33 or qualified in accordance with the provisions of §§47-1A-1501 to 47-1A-1532, inclusive, relative to the qualification of foreign corporations to transact business in this state, and carrying on a street railway, natural or artificial gas or electric public utility business shall be filed and recorded in the office of the secretary of state and such filing for record thereof shall create a lien upon such property, real and personal, from the time of such filing, and shall have the same effect, as to any property in this state described therein, as the record or filing of any similar instrument in the office of the register of deeds as to property in his county as if it were filed or recorded in each and every county in which any property therein described may be situated, and such filing and recording in the office of the secretary of state shall be the only recording or filing required. The deeds of trust or mortgages may by their terms include after-acquired real and personal property, and are as valid and effectual for that purpose as if this after-acquired property were owned by, and in possession of, the corporation giving the deed of trust or mortgage at the time of its execution.
Source: SDC 1939, §52.1516; SL 1947, ch 237; SL 1989, ch 402, §1; SL 2005, ch 202, §13.
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.