47-21-63 Powers of cooperative--Dealing in property and equipment.
Powers of cooperative--Dealing in property and equipment.
A cooperative may
construct, purchase, lease as lessee, or otherwise acquire, and equip, maintain, and operate, and sell,
assign, convey, lease as lessor, mortgage, pledge, or otherwise dispose of or encumber, transmission
and distribution lines or systems, electric generating plants, land, buildings, structures for office,
distribution of energy or warehousing, dams, plants and equipment, which are necessary to
accomplish the purpose for which the cooperative is organized.
Source: SL 1947, ch 33, § 4; SDC Supp 1960, § 11.2204 (5); SL 1994, ch 349, § 2.