South Dakota Statutes
§ 49-40-4 — Right of municipality to purchase portion of assets within boundaries.
South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-40 CONSUMERS POWER DISTRICT DISSOLUTION AND SALE OF ASSETS
Whenever any consumers district shall, as provided in chapters 49-35 to 49-40 , inclusive, acquire, by purchase, lease or otherwise, any electric distribution system, or any part or parts thereof, situated within or partly within any municipality, if any part of such system be within such municipality, such acquisition shall be upon the condition that such municipality may purchase, and such district shall be required to sell to such municipality such electric distribution system, situated within or partly within such municipality, but not within the corporate limits of any other municipality, by paying to such district such sum as is fair and reasonable, including reasonable severance damages.
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South Dakota § 49-40-4 (Right of municipality to purchase portion of assets within boundaries.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1950 (SS), ch 17, § 65; SDC Supp 1960, § 52.1764.
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Repealed§ 49-1-10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Repealed§ 49-1-16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Repealed§ 49-1-19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.