STATUTES

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Chapter 40 - Consumers Power District Dissolution And Sale Of Assets

Section 49-40-1 - Conditions under which assets may be transferred or encumbered.
Section 49-40-2 - Hypothecation of assets permitted.
Section 49-40-3 - Sale of assets to other public electric company.
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 49-40-5 - Inability to agree with municipality on price--Court determination--Basis ofdetermination.
Section 49-40-6 - Allocation of bonded indebtedness as between municipality and other transferee--Terms of court award.
Section 49-40-7 - Transfer of assets to private person prohibited.
Section 49-40-8 - Transfer of facilities within municipality to private municipal supplier permitted.
Section 49-40-9 - Petition for dissolution of district--Conditions under which dissolution may bepermitted--Notice of dissolution--Contents of notice--Expenses of dissolution.

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