South Dakota § 49-37-1 Usual corporate powers--Power to hold property in conduct of business--Authority to promote district.

South Dakota Statutes

§ 49-37-1 — Usual corporate powers--Power to hold property in conduct of business--Authority to promote district.

South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-36 CONSUMERS POWER DISTRICT POWERS AND OPERATIONS

Subject to the limitations of the petition for its creation and all amendments thereto, a consumers power district shall have all the usual powers of a corporation for public purposes and may purchase, hold, sell, and lease, as lessor or lessee, personal property and real estate, reasonably necessary for the conduct of its business, and may receive and hold property by gift, grant, will, exchange, or otherwise. A consumers power district may expend its money and use its assets and property to promote the district in any manner as the board of directors may determine.

Free access — add to your briefcase to read the full text and ask questions with AI

Subject to the limitations of the petition for its creation and all amendments thereto, a consumers power district shall have all the usual powers of a corporation for public purposes and may purchase, hold, sell, and lease, as lessor or lessee, personal property and real estate, reasonably necessary for the conduct of its business, and may receive and hold property by gift, grant, will, exchange, or otherwise. A consumers power district may expend its money and use its assets and property to promote the district in any manner as the board of directors may determine.

South Dakota § 49-37-1 (Usual corporate powers--Power to hold property in conduct of business--Authority to promote district.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.