S.D. Codified Laws § 49-40-2

Current through the 2024 Legislative Session

Section 49-40-2 - Hypothecation of assets permitted

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.

SDCL 49-40-2

SL 1950 (SS), ch 17, § 59; SDC Supp 1960, § 52.1758; SL 1975, ch 288.