GroundRules
SDCL § 49-40-2: Hypothecation of assets permitted.
Where this section sits in the code
- TITLE 49. PUBLIC UTILITIES AND CARRIERS
- CHAPTER 49-40. CONSUMERS POWER DISTRICT DISSOLUTION AND SALE OF ASSETS
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.
Collected 2026-09-03T15:18:57Z. Source file · JSON