49-40-3. Sale of consumers power district assets.
Any consumers power district may sell any power plant, electric generating plant, electric transmission, or distribution system, or any part thereof, for any sum and upon any terms that the board of directors of the district may consider fair and reasonable.
Source: SL 1950 (SS), ch 17, §64; SDC Supp 1960, §52.1763; SL 1983, ch 347, §1; SL 2017, ch 198, §1.
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.