49-40-10. Court hearing and investigation respecting dissolution--Filing order of dissolution with clerk of courts and secretary of state.
After such hearing and such independent investigation as may be deemed advisable, the court shall grant or reject the prayer of a petition filed pursuant to §49-40-9, and, if the prayer of the petition is granted, the court shall thereupon issue its order declaring the district dissolved and terminated. The order of court shall thereupon be filed in the office of the clerk of courts of the county in which the petition for dissolution is filed, and a certified copy of such order shall immediately be filed in the Office of the Secretary of State, and a certified copy shall be filed in the office of the clerk of courts of each county into which any part of the district may extend. The district shall thereupon be dissolved, and cease to exist.
Source: SL 1950 (SS), ch 17, §77; SDC Supp 1960, §52.1776.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 40 - Consumers Power District Dissolution And Sale Of Assets
Section 49-40-2 - Hypothecation of assets permitted.
Section 49-40-3 - Sale of consumers power district assets.
Section 49-40-3.1 - Sale of assets--Retroactive application.
Section 49-40-4 - Right of municipality to purchase portion of assets within boundaries.
Section 49-40-8 - Lease or alienation of facilities within municipality.