South Dakota § 49-34A-52 Acknowledgment by utility of municipal offer to purchase facilities in annexed area--Obligations of parties.

South Dakota Statutes

§ 49-34A-52 — Acknowledgment by utility of municipal offer to purchase facilities in annexed area--Obligations of parties.

South Dakota § 49-34A-52

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-32AGAS AND ELECTRIC UTILITIES REGULATION

This text of South Dakota § 49-34A-52 (Acknowledgment by utility of municipal offer to purchase facilities in annexed area--Obligations of parties.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 49-34A-52 (2026).

Text

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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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 .