South Dakota Statutes
§ 49-34A-52 — Acknowledgment by utility of municipal offer to purchase facilities in annexed area--Obligations of parties.
South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-32A GAS AND ELECTRIC UTILITIES REGULATION
The electric utility, within ninety days after receipt of an offer by the annexing municipality to purchase the utility's electric distribution properties and service rights within the annexed area, shall signify in writing its acknowledgment of the offer, and the parties shall proceed to act. The annexing municipality shall then be obligated to buy and pay for, and the utility shall be obligated to sell to the municipality such properties and rights free and clear of all mortgage liens and encumbrances for the aforesaid cash consideration computed and payable as provided in § 49-34A-50 .
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South Dakota § 49-34A-52 (Acknowledgment by utility of municipal offer to purchase facilities in annexed area--Obligations of parties.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1975, ch 283, § 42 (4).
Nearby Sections
15
§ 49-1-1
Repealed§ 49-1-10
Hearings before commission--Oaths.§ 49-1-11
Rules of commission.§ 49-1-13
Annual report to Governor--Contents.§ 49-1-13.1
Repealed§ 49-1-16
Duties of state's attorneys.§ 49-1-17
Repealed§ 49-1-19
Appeals from commission.