South Dakota Statutes
§ 49-40-4 — Right of municipality to purchase portion of assets within boundaries.
South Dakota § 49-40-4
JurisdictionSouth Dakota
Title 49PUBLIC UTILITIES AND CARRIERS
Ch. 49-40CONSUMERS POWER DISTRICT DISSOLUTION AND SALE OF ASSETS
This text of South Dakota § 49-40-4 (Right of municipality to purchase portion of assets within boundaries.) 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 § 49-40-4 (2026).
Text
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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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Repealed§ 49-1-10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Repealed§ 49-1-16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Repealed§ 49-1-19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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 49-40-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/49-40-4.