South Dakota Statutes
§ 49-40-2 — Hypothecation of assets permitted.
South Dakota § 49-40-2
JurisdictionSouth Dakota
Title 49PUBLIC UTILITIES AND CARRIERS
Ch. 49-40CONSUMERS POWER DISTRICT DISSOLUTION AND SALE OF ASSETS
This text of South Dakota § 49-40-2 (Hypothecation of assets permitted.) 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 § 49-40-2 (2026).
Text
If, in order to borrow money, it shall become necessary that a consumers power district mortgage, or otherwise hypothecate, any of its said property or assets to secure the payment of a loan or loans made to it, such district is hereby authorized and empowered to do so.
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Legislative History
SL 1950 (SS), ch 17, § 59; SDC Supp 1960, § 52.1758; SL 1975, ch 288.
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Repealed§ 49-1-10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Repealed§ 49-1-16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Repealed§ 49-1-19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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 49-40-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/49-40-2.