Section 49-40-3 - Sale of assets to other public electric company. - South Dakota Statutes

49-40-3. Sale of assets to other public electric company. Any consumers power district may sell to another district, rural electrification association, or cooperative, municipality, political subdivision and municipal corporation or public corporation located within or without the state, any power plant, electric generating plant, electric transmission, or distribution system, or any part thereof, for such sums and upon such terms as 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.