<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083818Normal { text-align: center; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083818HG4 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083818DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083818HG4C { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083818Normal-000000 { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } p.s2083818B { margin-left: 1.38in; text-indent: -1.38in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS"><meta property="og:description" content="SDLRC Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS"><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=49-33"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2083818Normal"><span xml:space="preserve" class="s2083818HG4">CHAPTER </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33</span></a></p><p dir="ltr" class="s2083818Normal"><span xml:space="preserve" class="s2083818HG4C">ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS </span></p><p dir="ltr" class="s2083818Normal-000000"><span xml:space="preserve" class="s2083818DefaultParagraphFont"> </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-1" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-1</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Incorporation of company--Articles of incorporation--Perpetual existence--Reinstatement of articles as amended. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-2" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-2</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Provisions applicable to gas companies. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-3" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-3</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Affidavit of incorporators--Contents--Filing with secretary of state--Fee of secretary. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-4" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-4</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Certificate of incorporation--Corporate name--Rights conferred by certificate. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-5" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-5</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Operation of business. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-5.1" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-5.1</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Business corporation powers.</span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-6" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-6</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Survey of proposed route--Entry upon property. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-7" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-7</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Buildings and accessory facilities--Contracts with municipalities. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-8" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-8</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Holding property. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-9" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-9</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Purchase of property--Disposition of unneeded property. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-10" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-10</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Right-of-way--Condemnation of land--Alteration of roadways--Expenses. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-11" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-11</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Connection with other facilities--Use of facilities--Accessory facilities. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-12" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-12</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Rules and regulations--Rates--Discrimination prohibited. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-13" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-13</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Powers of corporation--Extraterritorial powers. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-14" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-14</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Board of directors--Election and term of office--Voting for directors--Vacancies. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-14.1" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-14.1</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Bylaws--Adoption, amendment or repeal by board. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-14.2" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-14.2</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Annual and special meetings of stockholders--Quorum--Notice. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-15" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-15</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Director as stockholder--Minimum stock ownership. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-16" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-16</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-16" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-16</span></a><span class="s2083818DefaultParagraphFont">. Repealed by SL 1986, ch 396, § 5.</span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-17" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-17</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Officers of corporation. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-18" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-18</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Books and records--Exhibition to stockholders--Right to examine by certain stockholders. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-19" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-19</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Capital stock subscription. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-20" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-20</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Failure to pay for subscription--Collection by directors--Forfeiture of amounts previously paid. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-21" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-21</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Transfer of stock--Stock deemed personal property.</span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-22" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-22</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Increase in capital stock and amendment of articles of incorporation--Majority vote or greater required. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-23" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-23</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Issuance of preferred stock. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-24" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-24</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Series of preferred stock--Characteristics of stock--Dividends--Voting powers. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-25" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-25</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Certificate of issuance of preferred stock--Filing with secretary of state. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-26" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-26</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Increasing or decreasing preferred stock--Resolution of directors. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-27" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-27</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Liability of stockholders--Stock held by fiduciary or as collateral security. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-28" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-28</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Holding of stock in other corporations. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-29" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-29</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-29" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-29</span></a><span class="s2083818DefaultParagraphFont">. Repealed by SL 1986, ch 396, § 10.</span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-30" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-30</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Consolidation or merger with other corporations--Approval of plan. </span></p><p dir="ltr" class="s2083818B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-31" rel="noopener"><span class="s2083818DefaultParagraphFont">49-33-31</span></a><span xml:space="preserve" class="s2083818DefaultParagraphFont">    Articles of incorporation requiring greater vote control. </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070609Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070609SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070609CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070609Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070609DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2070609Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070609000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070609SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070609SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070609Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-1"><span class="s2070609SENU">49-33-1</span></a><span xml:space="preserve" class="s2070609SENU">. </span><span class="s2070609CL">Incorporation of company--Articles of incorporation--Perpetual existence--Reinstatement of articles as amended.</span></p><p dir="ltr" class="s2070609Normal-000000"><span xml:space="preserve" class="s2070609DefaultParagraphFont">Any number of persons, not less than three, may form a corporation for the purpose of constructing, maintaining and operating a street railway or railways or for the purpose of generating, transmitting or distributing electricity, the same to be sold to or used by the public for heat, light or power, by making and executing articles of incorporation in compliance with §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-202"><span class="s2070609DefaultParagraphFont">47-1A-202</span></a><span xml:space="preserve" class="s2070609DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-202.3"><span class="s2070609DefaultParagraphFont">47-1A-202.3</span></a><span xml:space="preserve" class="s2070609DefaultParagraphFont">, inclusive, and §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-627"><span class="s2070609DefaultParagraphFont">47-1A-627</span></a><span xml:space="preserve" class="s2070609DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-627.2"><span class="s2070609DefaultParagraphFont">47-1A-627.2</span></a><span class="s2070609DefaultParagraphFont">, inclusive. Such corporation shall exist perpetually unless otherwise stated in its articles of incorporation and shall have the power to engage in other businesses set forth therein.</span></p><p dir="ltr" class="s2070609Normal-000001"><span xml:space="preserve" class="s2070609DefaultParagraphFont">Any corporation organized under chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33"><span class="s2070609DefaultParagraphFont">49-33</span></a><span xml:space="preserve" class="s2070609DefaultParagraphFont"> may at any time restate its articles of incorporation as theretofore amended by a resolution adopted by its board of directors. The secretary of state shall accept the restated articles of incorporation for filing upon receipt of a certified copy of said resolution.</span></p><p dir="ltr" class="s2070609Normal"><span xml:space="preserve" class="s2070609000002"> </span></p><p dir="ltr" class="s2070609Normal"><span class="s2070609SCL">Source:</span><span xml:space="preserve" class="s2070609SCL-000003"> SDC 1939, § 52.1501; SL 1947, ch 236, § 1; SL 1986, ch 396, § 1; SL 2005, ch 202, § 9.</span></p><p dir="ltr" class="s2070609Normal"><span xml:space="preserve" class="s2070609000002"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070610Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070610SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070610CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070610Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070610DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070610000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070610SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070610SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070610Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-2"><span class="s2070610SENU">49-33-2</span></a><span xml:space="preserve" class="s2070610SENU">. </span><span class="s2070610CL">Provisions applicable to gas companies.</span></p><p dir="ltr" class="s2070610Normal-000000"><span xml:space="preserve" class="s2070610DefaultParagraphFont">All of the provisions of this chapter and chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34"><span class="s2070610DefaultParagraphFont">49-34</span></a><span xml:space="preserve" class="s2070610DefaultParagraphFont"> shall apply to corporations organized for the purpose of manufacturing, producing, supplying, or transporting gas, natural or artificial, and such corporation shall possess and may exercise and enjoy, as to organization, control, management, and operation, all of the privileges, rights, powers, and franchises possessed by electric light and power corporations, so far as they are consistent therewith.</span></p><p dir="ltr" class="s2070610Normal"><span xml:space="preserve" class="s2070610000001"> </span></p><p dir="ltr" class="s2070610Normal"><span class="s2070610SCL">Source:</span><span xml:space="preserve" class="s2070610SCL-000002"> SDC 1939, § 52.1801.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070611Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070611SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070611CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070611Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070611DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070611000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070611SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070611SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070611Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-3"><span class="s2070611SENU">49-33-3</span></a><span xml:space="preserve" class="s2070611SENU">. </span><span class="s2070611CL">Affidavit of incorporators--Contents--Filing with secretary of state--Fee of secretary.</span></p><p dir="ltr" class="s2070611Normal-000000"><span xml:space="preserve" class="s2070611DefaultParagraphFont">There shall be annexed to the articles of incorporation described by § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-1"><span class="s2070611DefaultParagraphFont">49-33-1</span></a><span xml:space="preserve" class="s2070611DefaultParagraphFont"> an affidavit, signed by at least three of the incorporators therein, setting forth that the signatures thereto are genuine and that it is intended in good faith to construct or maintain and operate the street railway or railways or electric lighting and power plants therein referred to, and thereupon such articles shall be filed in the office of the secretary of state, who shall endorse thereon the date thereof and record the same in a book to be kept by him for that purpose. The secretary of state shall be entitled to the same fees provided by law for the filing and recording of articles of incorporation in this state; like fees shall be paid for any amendment at any time of the original articles.</span></p><p dir="ltr" class="s2070611Normal"><span xml:space="preserve" class="s2070611000001"> </span></p><p dir="ltr" class="s2070611Normal"><span class="s2070611SCL">Source:</span><span xml:space="preserve" class="s2070611SCL-000002"> SDC 1939, § 52.1501 (5); SL 1947, ch 236, § 1; SDC Supp 1960, § 52.1501 (6).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070612Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070612SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070612CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070612Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070612DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070612000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070612SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070612SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070612Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-4"><span class="s2070612SENU">49-33-4</span></a><span xml:space="preserve" class="s2070612SENU">. </span><span class="s2070612CL">Certificate of incorporation--Corporate name--Rights conferred by certificate.</span></p><p dir="ltr" class="s2070612Normal-000000"><span xml:space="preserve" class="s2070612DefaultParagraphFont">Upon the filing and recording of articles of incorporation pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-3"><span class="s2070612DefaultParagraphFont">49-33-3</span></a><span xml:space="preserve" class="s2070612DefaultParagraphFont"> a certificate shall issue to such corporation under the seal of this state, signed by the secretary of state, granting unto such incorporators, their associates, successors, and assigns, full power and authority by and under their corporate name to exercise the powers and privileges of a corporation for the purpose stated in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-1"><span class="s2070612DefaultParagraphFont">49-33-1</span></a><span xml:space="preserve" class="s2070612DefaultParagraphFont"> and in accordance with their articles of incorporation and the laws of this state.</span></p><p dir="ltr" class="s2070612Normal"><span xml:space="preserve" class="s2070612000001"> </span></p><p dir="ltr" class="s2070612Normal"><span class="s2070612SCL">Source:</span><span xml:space="preserve" class="s2070612SCL-000002"> SDC 1939, § 52.1501 (5); SL 1947, ch 236, § 1; SDC Supp 1960, § 52.1501 (6).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070613Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070613SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070613CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070613Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070613DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070613000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070613SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070613SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070613Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-5"><span class="s2070613SENU">49-33-5</span></a><span xml:space="preserve" class="s2070613SENU">. </span><span class="s2070613CL">Powers of corporation--Operation of business.</span></p><p dir="ltr" class="s2070613Normal-000000"><span xml:space="preserve" class="s2070613DefaultParagraphFont">Upon the issue of a certificate pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-4"><span class="s2070613DefaultParagraphFont">49-33-4</span></a><span xml:space="preserve" class="s2070613DefaultParagraphFont"> the subscribers to such articles of incorporation, and all persons who shall thereafter become stockholders in such corporation, shall be a corporation by the name of and may engage in the businesses specified in such articles and shall possess all the powers and be subject to all provisions of law relating to street railways and electric light and power companies and the provisions of this chapter and chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34"><span class="s2070613DefaultParagraphFont">49-34</span></a><span xml:space="preserve" class="s2070613DefaultParagraphFont"> applicable thereto. And the rights and powers provided in said chapters with respect to street railways and electric companies shall be construed to extend and apply to the businesses engaged in by such corporation pursuant to the provisions hereof with respect to rights of way, acquisition and use of property, franchises, extensions of service and consolidations as the same relate to and are consistent with said businesses.</span></p><p dir="ltr" class="s2070613Normal"><span xml:space="preserve" class="s2070613000001"> </span></p><p dir="ltr" class="s2070613Normal"><span class="s2070613SCL">Source:</span><span xml:space="preserve" class="s2070613SCL-000002"> SDC 1939, § 52.1502; SL 1947, ch 236, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083235Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083235SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083235CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2083235Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083235DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083235000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083235NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083235DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083235SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 49-33-5.1 - Powers of corporation--Business corporation powers."><meta property="og:description" content="SDLRC Codified Law 49-33-5.1 - Powers of corporation--Business corporation powers."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=49-33-5.1"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2083235Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-5.1" rel="noopener"><span class="s2083235SENU">49-33-5.1</span></a><span xml:space="preserve" class="s2083235SENU">. </span><span xml:space="preserve" class="s2083235CL">Powers of corporation--Business corporation powers. </span></p><p dir="ltr" class="s2083235Statute"><span xml:space="preserve" class="s2083235DefaultParagraphFont">In addition to all provisions and powers in chapters </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33" rel="noopener"><span class="s2083235DefaultParagraphFont">49-33</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34" rel="noopener"><span class="s2083235DefaultParagraphFont">49-34</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont"> that are applicable to corporations organized under those chapters, all provisions and powers set forth in the South Dakota Business Corporation Act, §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-101" rel="noopener"><span class="s2083235DefaultParagraphFont">47-1A-101</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-863.3" rel="noopener"><span class="s2083235DefaultParagraphFont">47-1A-863.3</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont">, inclusive, §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-1401" rel="noopener"><span class="s2083235DefaultParagraphFont">47-1A-1401</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-1440" rel="noopener"><span class="s2083235DefaultParagraphFont">47-1A-1440</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont">, inclusive, and §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-1601" rel="noopener"><span class="s2083235DefaultParagraphFont">47-1A-1601</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-1703.1" rel="noopener"><span class="s2083235DefaultParagraphFont">47-1A-1703.1</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont">, inclusive, applicable to domestic corporations are also applicable to corporations that have been or will be organized under chapters </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33" rel="noopener"><span class="s2083235DefaultParagraphFont">49-33</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34" rel="noopener"><span class="s2083235DefaultParagraphFont">49-34</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont"> except if in conflict with the express provisions of chapters </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33" rel="noopener"><span class="s2083235DefaultParagraphFont">49-33</span></a><span xml:space="preserve" class="s2083235DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34" rel="noopener"><span class="s2083235DefaultParagraphFont">49-34</span></a><span class="s2083235DefaultParagraphFont">.</span></p><p dir="ltr" class="s2083235Normal"><span xml:space="preserve" class="s2083235000000"> </span></p><p dir="ltr" class="s2083235NoIndent"><span xml:space="preserve" class="s2083235DefaultParagraphFont-000001">Source: </span><span class="s2083235SCL">SL 1981, ch 337; SL 2005, ch 202, § 12; SL 2021, ch 200, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070615Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070615SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070615CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070615Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070615DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070615000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070615SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070615SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070615Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-6"><span class="s2070615SENU">49-33-6</span></a><span xml:space="preserve" class="s2070615SENU">. </span><span class="s2070615CL">Powers of corporation--Survey of proposed route--Entry upon property.</span></p><p dir="ltr" class="s2070615Normal-000000"><span class="s2070615DefaultParagraphFont">Every corporation organized under this chapter shall have power to cause such examinations and surveys to be made as may be necessary to the selection of the most advantageous route for its proposed street railroad, electric light, or power line, and for such purpose to enter, by its agents, officers, and servants, upon the lands or waters of any person; subject, however, to responsibility for all damage done to such property by such entry.</span></p><p dir="ltr" class="s2070615Normal"><span xml:space="preserve" class="s2070615000001"> </span></p><p dir="ltr" class="s2070615Normal"><span class="s2070615SCL">Source:</span><span xml:space="preserve" class="s2070615SCL-000002"> SDC 1939, § 52.1509 (1).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070616Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070616SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070616CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070616Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070616DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070616000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070616SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070616SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070616Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-7"><span class="s2070616SENU">49-33-7</span></a><span xml:space="preserve" class="s2070616SENU">. </span><span class="s2070616CL">Powers of corporation--Buildings and accessory facilities--Contracts with municipalities.</span></p><p dir="ltr" class="s2070616Normal-000000"><span class="s2070616DefaultParagraphFont">Every corporation organized under this chapter shall have power to erect and maintain such buildings, powerhouses, plants, poles, substations, wires, trolleys, and appliances as may be necessary for the transmission of electric power and use the same to operate its street railway, electric light, or power line, and to contract with any person or corporation for the furnishing to such person or corporation of electric light, heat, or power; to contract with any municipality, or county for the lighting of its streets, highways, and public buildings, and for furnishing power, and to contract with any municipal corporation for the furnishing of its inhabitants with electric light, heat, and power.</span></p><p dir="ltr" class="s2070616Normal"><span xml:space="preserve" class="s2070616000001"> </span></p><p dir="ltr" class="s2070616Normal"><span class="s2070616SCL">Source:</span><span xml:space="preserve" class="s2070616SCL-000002"> SDC 1939, § 52.1509 (2); SL 1992, ch 60, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070617Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070617SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070617CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070617Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070617DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070617000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070617SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070617SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070617Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-8"><span class="s2070617SENU">49-33-8</span></a><span xml:space="preserve" class="s2070617SENU">. </span><span class="s2070617CL">Powers of corporation--Holding property.</span></p><p dir="ltr" class="s2070617Normal-000000"><span class="s2070617DefaultParagraphFont">Every corporation organized under this chapter shall have power to take and hold such voluntary grants of real and other property as may be made to it to aid in the construction, maintenance, and accommodation of its railways, power or lighting plants, but the real property received by voluntary grant shall be held and used for the purpose of such grant only.</span></p><p dir="ltr" class="s2070617Normal"><span xml:space="preserve" class="s2070617000001"> </span></p><p dir="ltr" class="s2070617Normal"><span class="s2070617SCL">Source:</span><span xml:space="preserve" class="s2070617SCL-000002"> SDC 1939, § 52.1509 (3).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070618Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070618SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070618CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070618Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070618DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070618000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070618SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070618SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070618Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-9"><span class="s2070618SENU">49-33-9</span></a><span xml:space="preserve" class="s2070618SENU">. </span><span class="s2070618CL">Powers of corporation--Purchase of property--Disposition of unneeded property.</span></p><p dir="ltr" class="s2070618Normal-000000"><span xml:space="preserve" class="s2070618DefaultParagraphFont">Every corporation organized under this chapter shall have power to acquire by purchase or under the provisions of chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34"><span class="s2070618DefaultParagraphFont">49-34</span></a><span xml:space="preserve" class="s2070618DefaultParagraphFont"> all such real and other property as may be necessary for the operation of its railway, power and lighting plants and grounds and accommodation reasonably necessary to accomplish the objects of its incorporation; to hold and use the same; and to lease, sell, or otherwise dispose of any part or parcel when not required and no longer necessary for its use.</span></p><p dir="ltr" class="s2070618Normal"><span xml:space="preserve" class="s2070618000001"> </span></p><p dir="ltr" class="s2070618Normal"><span class="s2070618SCL">Source:</span><span xml:space="preserve" class="s2070618SCL-000002"> SDC 1939, § 52.1509 (4).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070619Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070619SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070619CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070619CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070619Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070619DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070619DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070619000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070619SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070619SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070619Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-10"><span class="s2070619SENU">49-33-10</span></a><span xml:space="preserve" class="s2070619SENU">. </span><span class="s2070619CL">Powers of corporation--Right</span><span class="s2070619CL-000000">-</span><span class="s2070619CL">of</span><span class="s2070619CL-000000">-</span><span class="s2070619CL">way--Condemnation of land--Alteration of roadways--Expenses.</span></p><p dir="ltr" class="s2070619Normal-000001"><span class="s2070619DefaultParagraphFont">Every corporation organized under this chapter shall have power to lay out its road not exceeding fifty feet in width and construct the same, and for such purpose to obtain gravel or other material for its cuttings and embankments; to take so much land as may be necessary for the construction, operation, and safety of its road, electric light or power line, including right</span><span class="s2070619DefaultParagraphFont-000002">-</span><span class="s2070619DefaultParagraphFont">of</span><span class="s2070619DefaultParagraphFont-000002">-</span><span class="s2070619DefaultParagraphFont">way and water for ditches, canals, or flumes by which to generate electricity therefor; to construct its road, electric light or power line along or across any stream of water, river, watercourse, highway, street, or turnpike, which it may touch or intersect; to carry any highway, street, or road which it shall cross over or under its track as may be most expedient for the public safety and welfare; to change the course of any highway, street, or road when made necessary or desirable to secure a more easy descent or ascent by reason of any cut or embankment made in the construction of its railroad and to take so much land as shall be necessary therefor; provided that such change in the course of any street, road, or highway shall be made at the expense of such corporation and without expense to the municipality wherein such change is made.</span></p><p dir="ltr" class="s2070619Normal"><span xml:space="preserve" class="s2070619000003"> </span></p><p dir="ltr" class="s2070619Normal"><span class="s2070619SCL">Source:</span><span xml:space="preserve" class="s2070619SCL-000004"> SDC 1939, § 52.1509 (5); SL 1992, ch 60, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070620Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070620SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070620CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070620Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070620DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070620000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070620SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070620SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070620Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-11"><span class="s2070620SENU">49-33-11</span></a><span xml:space="preserve" class="s2070620SENU">. </span><span class="s2070620CL">Powers of corporation--Connection with other facilities--Use of facilities--Accessory facilities.</span></p><p dir="ltr" class="s2070620Normal-000000"><span class="s2070620DefaultParagraphFont">Every corporation organized under this chapter shall have power to cross, join, or unite its railroad with any street or other railroad now or hereafter constructed and to contract with such railroad for the transportation of its cars over its lines; to take and convey persons or property over its railroad by electrical or mechanical power, and to receive compensation therefor; and to erect and maintain all necessary and convenient buildings, station powerhouses, trolley poles, repair shops, carbarns, wires, fixtures, and machinery for the accommodation and use of its passengers, freight, and other business and the transmission of electric power.</span></p><p dir="ltr" class="s2070620Normal"><span xml:space="preserve" class="s2070620000001"> </span></p><p dir="ltr" class="s2070620Normal"><span class="s2070620SCL">Source:</span><span xml:space="preserve" class="s2070620SCL-000002"> SDC 1939, § 52.1509 (6).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070621Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070621SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070621CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070621Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070621DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070621000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070621SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070621SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070621Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-12"><span class="s2070621SENU">49-33-12</span></a><span xml:space="preserve" class="s2070621SENU">. </span><span class="s2070621CL">Powers of corporation--Rules and regulations--Rates--Discrimination prohibited.</span></p><p dir="ltr" class="s2070621Normal-000000"><span class="s2070621DefaultParagraphFont">Every corporation organized under this chapter shall have power to regulate the time and manner in which passengers and property shall be transported and the compensation to be paid therefor, but in so doing no preference, advantage, or monopoly shall be given to any person, company, or corporation doing business with it or doing business at more than one point along the line of its road.</span></p><p dir="ltr" class="s2070621Normal"><span xml:space="preserve" class="s2070621000001"> </span></p><p dir="ltr" class="s2070621Normal"><span class="s2070621SCL">Source:</span><span xml:space="preserve" class="s2070621SCL-000002"> SDC 1939, § 52.1509 (7).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070622Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070622SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070622CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070622Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070622DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070622000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070622SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070622SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070622Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-13"><span class="s2070622SENU">49-33-13</span></a><span xml:space="preserve" class="s2070622SENU">. </span><span class="s2070622CL">Powers of corporation--Extraterritorial powers.</span></p><p dir="ltr" class="s2070622Normal-000000"><span class="s2070622DefaultParagraphFont">Every corporation organized under this chapter shall have power to exercise all its rights, franchises, and privileges in any other state of the United States and to accept from any other state into which its railroad, electric light, or power line is extended additional and other powers and privileges applicable to the business of such corporation in such territory.</span></p><p dir="ltr" class="s2070622Normal"><span xml:space="preserve" class="s2070622000001"> </span></p><p dir="ltr" class="s2070622Normal"><span class="s2070622SCL">Source:</span><span xml:space="preserve" class="s2070622SCL-000002"> SDC 1939, § 52.1509 (8).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070623Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070623SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070623CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070623Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070623DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070623000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070623SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070623SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070623Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-14"><span class="s2070623SENU">49-33-14</span></a><span xml:space="preserve" class="s2070623SENU">. </span><span class="s2070623CL">Board of directors--Election and term of office--Voting for directors--Vacancies.</span></p><p dir="ltr" class="s2070623Normal-000000"><span class="s2070623DefaultParagraphFont">There shall be a board of not less than three directors, and such greater number as the bylaws shall designate, to manage the business and affairs of such corporation, who shall be elected at such time, in such manner and for such terms as shall be prescribed by its bylaws and shall hold their office until their respective successors shall be chosen. In the election of directors and at all corporate meetings, each stockholder is entitled to one vote in person or by proxy for each share of stock owned by him. Each stockholder entitled to vote has the right to multiply the number of votes to which such stockholder may be entitled by the number of directors to be elected at the meeting at which the votes are to be cast and cast all of such votes for one candidate, or distribute them among two or more candidates as the stockholder prefers. Vacancies in the board of directors shall be filled in the manner prescribed by the bylaws.</span></p><p dir="ltr" class="s2070623Normal"><span xml:space="preserve" class="s2070623000001"> </span></p><p dir="ltr" class="s2070623Normal"><span class="s2070623SCL">Source:</span><span xml:space="preserve" class="s2070623SCL-000002"> SDC 1939, § 52.1504; SL 1986, ch 396, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070624Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070624SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070624CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070624Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070624DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070624000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070624SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070624SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070624Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-14.1"><span class="s2070624SENU">49-33-14.1</span></a><span xml:space="preserve" class="s2070624SENU">. </span><span class="s2070624CL">Bylaws--Adoption, amendment or repeal by board.</span></p><p dir="ltr" class="s2070624Normal-000000"><span xml:space="preserve" class="s2070624DefaultParagraphFont">The bylaws of a corporation organized under chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33"><span class="s2070624DefaultParagraphFont">49-33</span></a><span xml:space="preserve" class="s2070624DefaultParagraphFont"> shall be initially adopted and may be altered, amended or repealed thereafter by the board of directors.</span></p><p dir="ltr" class="s2070624Normal"><span xml:space="preserve" class="s2070624000001"> </span></p><p dir="ltr" class="s2070624Normal"><span class="s2070624SCL">Source:</span><span xml:space="preserve" class="s2070624SCL-000002"> SL 1986, ch 396, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070625Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070625SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070625CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070625Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070625DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070625000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070625SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070625SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070625Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-14.2"><span class="s2070625SENU">49-33-14.2</span></a><span xml:space="preserve" class="s2070625SENU">. </span><span class="s2070625CL">Annual and special meetings of stockholders--Quorum--Notice.</span></p><p dir="ltr" class="s2070625Normal-000000"><span xml:space="preserve" class="s2070625DefaultParagraphFont">All annual and special meetings of stockholders of a corporation organized under chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33"><span class="s2070625DefaultParagraphFont">49-33</span></a><span xml:space="preserve" class="s2070625DefaultParagraphFont"> shall be called by the board of directors. The quorum required for such meetings shall be set forth in the bylaws of the corporation. Written notice stating the place, day and hour of the meeting and, in case of a special meeting, the purpose or purposes for which the meeting is called, shall be delivered not less than ten nor more than fifty days before the date of the meeting, either personally or by mail, or by or at the direction of the president or secretary, to each stockholder of record, as of the record date, entitled to vote at such meeting. However, in order to comply with S.D. Const., Art. XVII, § 8, if at an annual or special stockholders' meeting, the stockholders are to vote, either as a single matter or as one matter among another or more matters, on an increase in the stock or indebtedness of the corporation, the notice of such meeting shall be delivered, personally or by mail, not less than sixty nor more than eighty days before the date of the meeting. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail addressed to the stockholder at his address as it appears on the stock transfer books of the corporation, with postage thereon prepaid.</span></p><p dir="ltr" class="s2070625Normal"><span xml:space="preserve" class="s2070625000001"> </span></p><p dir="ltr" class="s2070625Normal"><span class="s2070625SCL">Source:</span><span xml:space="preserve" class="s2070625SCL-000002"> SL 1986, ch 396, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070626Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070626SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070626CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070626Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070626DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070626000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070626SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070626SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070626Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-15"><span class="s2070626SENU">49-33-15</span></a><span xml:space="preserve" class="s2070626SENU">. </span><span class="s2070626CL">Director as stockholder--Minimum stock ownership.</span></p><p dir="ltr" class="s2070626Normal-000000"><span class="s2070626DefaultParagraphFont">No person shall be a director of a corporation organized under this chapter unless he is a stockholder thereof owning absolutely in his own right, or as trustee or personal representative, at least ten shares of the capital stock of such corporation and must be duly qualified to vote such stock at the election at which he shall be chosen.</span></p><p dir="ltr" class="s2070626Normal"><span xml:space="preserve" class="s2070626000001"> </span></p><p dir="ltr" class="s2070626Normal"><span class="s2070626SCL">Source:</span><span xml:space="preserve" class="s2070626SCL-000002"> SDC 1939, § 52.1504.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS49-33-16 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 49-33-16 "> <META NAME="Description" Content="South Dakota Codified Laws 49-33-16"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 49-33-16. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1986, ch 396, &#167;&nbsp;5.<p> </BODY> </HTML> <br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070628Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070628SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070628CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070628Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070628DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070628DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070628000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070628SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070628SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070628Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-17"><span class="s2070628SENU">49-33-17</span></a><span xml:space="preserve" class="s2070628SENU">. </span><span class="s2070628CL">Officers of corporation.</span></p><p dir="ltr" class="s2070628Normal-000000"><span class="s2070628DefaultParagraphFont">The directors shall appoint a president and vice</span><span class="s2070628DefaultParagraphFont-000001">-</span><span class="s2070628DefaultParagraphFont">president; they may also appoint a secretary, treasurer, and such other officers or agents as are prescribed by the bylaws.</span></p><p dir="ltr" class="s2070628Normal"><span xml:space="preserve" class="s2070628000002"> </span></p><p dir="ltr" class="s2070628Normal"><span class="s2070628SCL">Source:</span><span xml:space="preserve" class="s2070628SCL-000003"> SDC 1939, § 52.1505; SL 1986, ch 396, § 6.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070629Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070629SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070629CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070629Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070629DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070629000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070629SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070629SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070629Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-18"><span class="s2070629SENU">49-33-18</span></a><span xml:space="preserve" class="s2070629SENU">. </span><span class="s2070629CL">Books and records--Exhibition to stockholders--Right to examine by certain stockholders.</span></p><p dir="ltr" class="s2070629Normal-000000"><span class="s2070629DefaultParagraphFont">The books and records of account and minutes of a corporation organized under this chapter shall be exhibited to its stockholders at every stockholders' meeting, if a majority of those present require it. Any person or group of persons who are the holders of record of at least ten percent of all the outstanding shares of such corporation, upon written demand stating the purpose thereof, have the right to examine, in person, or by agent or attorney, at any reasonable time or times, for any proper corporate purpose, its books and records of account, minutes and record of shareholders and to make extracts therefrom.</span></p><p dir="ltr" class="s2070629Normal"><span xml:space="preserve" class="s2070629000001"> </span></p><p dir="ltr" class="s2070629Normal"><span class="s2070629SCL">Source:</span><span xml:space="preserve" class="s2070629SCL-000002"> SDC 1939, § 52.1504; SL 1986, ch 396, § 7.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070630Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070630SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070630CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070630Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070630DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070630000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070630SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070630SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070630Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-19"><span class="s2070630SENU">49-33-19</span></a><span xml:space="preserve" class="s2070630SENU">. </span><span class="s2070630CL">Capital stock subscription.</span></p><p dir="ltr" class="s2070630Normal-000000"><span xml:space="preserve" class="s2070630DefaultParagraphFont">When a certificate is issued pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-4"><span class="s2070630DefaultParagraphFont">49-33-4</span></a><span class="s2070630DefaultParagraphFont">, the directors of such corporation may, in case the whole of the capital stock shall not have been before subscribed, open books of subscription to fill up the capital stock at such places and upon such notice as they may deem expedient, and may from time to time receive subscriptions until the whole of the capital stock is subscribed.</span></p><p dir="ltr" class="s2070630Normal"><span xml:space="preserve" class="s2070630000001"> </span></p><p dir="ltr" class="s2070630Normal"><span class="s2070630SCL">Source:</span><span xml:space="preserve" class="s2070630SCL-000002"> SDC 1939, § 52.1503.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070631Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070631SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070631CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070631Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070631DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070631DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070631000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070631SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070631SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070631Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-20"><span class="s2070631SENU">49-33-20</span></a><span xml:space="preserve" class="s2070631SENU">. </span><span class="s2070631CL">Failure to pay for subscription--Collection by directors--Forfeiture of amounts previously paid.</span></p><p dir="ltr" class="s2070631Normal-000000"><span class="s2070631DefaultParagraphFont">The directors may require any amounts unpaid upon the capital stock to be paid in such manner, at such times and in such installments as they may deem proper. If any stockholder shall neglect to pay any installment of such capital stock as required by a resolution of the board of directors and such board shall have caused a notice to be served upon such stockholder personally, or by depositing the same in the post office directed to such stockholder at his usual and nearest post</span><span class="s2070631DefaultParagraphFont-000001">-</span><span class="s2070631DefaultParagraphFont">office address at least thirty days before the day on which such payment is required to be made, stating that he is required to make such payment at the time and place specified in such notice and that, if he fails to do so, such stock and all payments previously made thereon will be forfeited to the use of the corporation, such board of directors may, by resolution, declare such stock and all payments forfeited for the use of the corporation and the same shall thereupon be forfeited and the title thereto shall revest in the corporation, or such board may, at its option, enforce payment of the installments due on such shares of the capital stock in the manner provided by law.</span></p><p dir="ltr" class="s2070631Normal"><span xml:space="preserve" class="s2070631000002"> </span></p><p dir="ltr" class="s2070631Normal"><span class="s2070631SCL">Source:</span><span xml:space="preserve" class="s2070631SCL-000003"> SDC 1939, § 52.1506.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083236Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083236SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083236CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2083236Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083236DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083236000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083236NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2083236DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083236SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 49-33-21 - Transfer of stock--Stock deemed personal property."><meta property="og:description" content="SDLRC Codified Law 49-33-21 - Transfer of stock--Stock deemed personal property."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=49-33-21"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2083236Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-21" rel="noopener"><span class="s2083236SENU">49-33-21</span></a><span xml:space="preserve" class="s2083236SENU">. </span><span xml:space="preserve" class="s2083236CL">Transfer of stock--Stock deemed personal property. </span></p><p dir="ltr" class="s2083236Statute"><span xml:space="preserve" class="s2083236DefaultParagraphFont">The stock of every corporation organized under this chapter is deemed personal property and is transferable in the manner prescribed by its bylaws, and subject to the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-8-301" rel="noopener"><span class="s2083236DefaultParagraphFont">57A-8-301</span></a><span xml:space="preserve" class="s2083236DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-8-307" rel="noopener"><span class="s2083236DefaultParagraphFont">57A-8-307</span></a><span xml:space="preserve" class="s2083236DefaultParagraphFont">, inclusive and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-8-401" rel="noopener"><span class="s2083236DefaultParagraphFont">57A-8-401</span></a><span xml:space="preserve" class="s2083236DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-8-407" rel="noopener"><span class="s2083236DefaultParagraphFont">57A-8-407</span></a><span class="s2083236DefaultParagraphFont">, inclusive, but no share is transferable until all previous calls and assessments on the share have been fully paid.</span></p><p dir="ltr" class="s2083236Normal"><span xml:space="preserve" class="s2083236000000"> </span></p><p dir="ltr" class="s2083236NoIndent"><span xml:space="preserve" class="s2083236DefaultParagraphFont-000001">Source: </span><span class="s2083236SCL">SDC 1939, § 52.1507; SL 2021, ch 200, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070633Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070633SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070633CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070633Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070633DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070633000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070633SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070633SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070633Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-22"><span class="s2070633SENU">49-33-22</span></a><span xml:space="preserve" class="s2070633SENU">. </span><span class="s2070633CL">Increase in capital stock and amendment of articles of incorporation--Majority vote or greater required.</span></p><p dir="ltr" class="s2070633Normal-000000"><span class="s2070633DefaultParagraphFont">The capital stock of any corporation organized under this chapter may be increased to such an amount as may, by its stockholders, be deemed necessary, and the articles of incorporation may be amended by the vote of the owners of a majority of its capital stock, or such greater proportions of the shares of capital stock, or of any class or series thereof, as provided in the corporation's articles of incorporation, at any annual meeting or at any special meeting called for that purpose.</span></p><p dir="ltr" class="s2070633Normal"><span xml:space="preserve" class="s2070633000001"> </span></p><p dir="ltr" class="s2070633Normal"><span class="s2070633SCL">Source:</span><span xml:space="preserve" class="s2070633SCL-000002"> SDC 1939, § 52.1508; SL 1986, ch 396, § 8.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070634Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070634SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070634CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070634Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070634DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070634000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070634SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070634SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070634Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-23"><span class="s2070634SENU">49-33-23</span></a><span xml:space="preserve" class="s2070634SENU">. </span><span class="s2070634CL">Issuance of preferred stock.</span></p><p dir="ltr" class="s2070634Normal-000000"><span xml:space="preserve" class="s2070634DefaultParagraphFont">Notwithstanding the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-601"><span class="s2070634DefaultParagraphFont">47-1A-601</span></a><span xml:space="preserve" class="s2070634DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-640.5"><span class="s2070634DefaultParagraphFont">47-1A-640.5</span></a><span class="s2070634DefaultParagraphFont">, inclusive, a corporation, now or hereafter formed under the provisions of this chapter may provide in its articles of incorporation, or in any amendment thereof, for the issuance of preferred stock in series and authorize the board of directors (within the limits, if any, prescribed in such articles of incorporation or amendment) to fix certain or all of the characteristics and rights thereof.</span></p><p dir="ltr" class="s2070634Normal"><span xml:space="preserve" class="s2070634000001"> </span></p><p dir="ltr" class="s2070634Normal"><span class="s2070634SCL">Source:</span><span xml:space="preserve" class="s2070634SCL-000002"> SDC 1939, § 52.1518 as enacted by SL 1949, ch 211; SL 2005, ch 202, § 10.</span></p><p dir="ltr" class="s2070634Normal"><span xml:space="preserve" class="s2070634000001"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070635Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070635SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070635CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070635Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070635DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070635000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070635SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070635SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070635Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-24"><span class="s2070635SENU">49-33-24</span></a><span xml:space="preserve" class="s2070635SENU">. </span><span class="s2070635CL">Series of preferred stock--Characteristics of stock--Dividends--Voting powers.</span></p><p dir="ltr" class="s2070635Normal-000000"><span xml:space="preserve" class="s2070635DefaultParagraphFont">Upon the adoption or amendment of the articles of incorporation to include the provisions authorized by § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-23"><span class="s2070635DefaultParagraphFont">49-33-23</span></a><span class="s2070635DefaultParagraphFont">, the board of directors may cause such preferred stock to be issued in one or more series, in such amounts and with such terms and characteristics, (within such prescribed limits, if any), as may be set forth in a resolution or resolutions of the board of directors adopted prior to the issuance of shares of the respective series. Such terms and characteristics may include, within such limits, variations and provisions as to distinctive serial designations (including a change or variation in the existing designation of the authorized but unissued shares of any class of preferred stock), as to the rate or rates of dividends payable thereon, as to the times of payment of and the dates from which such dividends shall be cumulative, as to the prices and terms upon which the same may be redeemed, as to the amount or amounts which shall be paid to the holders thereof in case of voluntary or involuntary dissolution or distribution of assets, as to voting powers, if any, and as to the other characteristics of and any restrictive or other provision relating to such series.</span></p><p dir="ltr" class="s2070635Normal"><span xml:space="preserve" class="s2070635000001"> </span></p><p dir="ltr" class="s2070635Normal"><span class="s2070635SCL">Source:</span><span xml:space="preserve" class="s2070635SCL-000002"> SDC 1939, § 52.1518 as enacted by SL 1949, ch 211.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070636Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070636SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070636CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070636Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070636DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070636DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070636000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070636SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070636SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070636Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-25"><span class="s2070636SENU">49-33-25</span></a><span xml:space="preserve" class="s2070636SENU">. </span><span class="s2070636CL">Certificate of issuance of preferred stock--Filing with secretary of state.</span></p><p dir="ltr" class="s2070636Normal-000000"><span xml:space="preserve" class="s2070636DefaultParagraphFont">Upon the creation of any series of preferred stock pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-24"><span class="s2070636DefaultParagraphFont">49-33-24</span></a><span xml:space="preserve" class="s2070636DefaultParagraphFont"> and before the issuance of any shares thereof, the number of shares of such series and the designation, characteristics, and terms thereof provided for in such resolution or resolutions shall be set forth in a certificate made by the corporation, signed by its president or vice</span><span class="s2070636DefaultParagraphFont-000001">-</span><span class="s2070636DefaultParagraphFont">president under the corporate seal, attested by its secretary or an assistant secretary and acknowledged or proved, as in the case of deeds of real estate, which certificate shall be filed in the Office of the Secretary of State.</span></p><p dir="ltr" class="s2070636Normal"><span xml:space="preserve" class="s2070636000002"> </span></p><p dir="ltr" class="s2070636Normal"><span class="s2070636SCL">Source:</span><span xml:space="preserve" class="s2070636SCL-000003"> SDC 1939, § 52.1518 as enacted by SL 1949, ch 211.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070637Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070637SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070637CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070637Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070637DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070637000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070637SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070637SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070637Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-26"><span class="s2070637SENU">49-33-26</span></a><span xml:space="preserve" class="s2070637SENU">. </span><span class="s2070637CL">Increasing or decreasing preferred stock--Resolution of directors.</span></p><p dir="ltr" class="s2070637Normal-000000"><span xml:space="preserve" class="s2070637DefaultParagraphFont">Unless otherwise provided in any resolution or resolutions pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-24"><span class="s2070637DefaultParagraphFont">49-33-24</span></a><span xml:space="preserve" class="s2070637DefaultParagraphFont"> the number of shares of stock of any series set forth in such resolution or resolutions may be increased or decreased (but not below the number of shares thereof then outstanding) by a certificate made and filed as provided by § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-25"><span class="s2070637DefaultParagraphFont">49-33-25</span></a><span xml:space="preserve" class="s2070637DefaultParagraphFont"> setting forth a statement that a specified increase or decrease therein has been authorized and directed by resolution or resolutions likewise adopted by the board of directors; and in case the number of such shares shall be so decreased the number of shares so specified in said certificate shall resume the status which they had prior to the adoption of the first resolution or resolutions.</span></p><p dir="ltr" class="s2070637Normal"><span xml:space="preserve" class="s2070637000001"> </span></p><p dir="ltr" class="s2070637Normal"><span class="s2070637SCL">Source:</span><span xml:space="preserve" class="s2070637SCL-000002"> SDC 1939, § 52.1518 as enacted by SL 1949, ch 211.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070638Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070638SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070638CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070638Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070638DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070638000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070638SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070638SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070638Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-27"><span class="s2070638SENU">49-33-27</span></a><span xml:space="preserve" class="s2070638SENU">. </span><span class="s2070638CL">Liability of stockholders--Stock held by fiduciary or as collateral security.</span></p><p dir="ltr" class="s2070638Normal-000000"><span class="s2070638DefaultParagraphFont">No person holding stock in any corporation organized under this chapter as personal representative, conservator, or trustee, and no person holding such stock as collateral security, is liable as stockholder of such corporation for any calls or installments on any partially paid-up stock thereof; but the person pledging such stock shall be considered as holding the same and is liable as a stockholder accordingly; and the estate and funds in the hands of such personal representative, conservator, or trustee is liable to the same extent as the decedent, ward, or other person interested would have been, if living or competent to act and holding stock in his own name.</span></p><p dir="ltr" class="s2070638Normal"><span xml:space="preserve" class="s2070638000001"> </span></p><p dir="ltr" class="s2070638Normal"><span class="s2070638SCL">Source:</span><span xml:space="preserve" class="s2070638SCL-000002"> SDC 1939, § 52.1507; SL 1993, ch 213, § 248; SL 1995, ch 167, § 188.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070639Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070639SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070639CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070639Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070639DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070639000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070639SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070639SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070639Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-28"><span class="s2070639SENU">49-33-28</span></a><span xml:space="preserve" class="s2070639SENU">. </span><span class="s2070639CL">Holding of stock in other corporations.</span></p><p dir="ltr" class="s2070639Normal-000000"><span class="s2070639DefaultParagraphFont">Any corporation organized under this chapter may purchase, take, and hold all or any part of the property, rights, privileges, and franchises of any other corporation, foreign or domestic, organized for the purpose of operating any street railway by electric power or for the purpose of manufacturing, creating, or generating electricity for power, light, heat, or any other purpose, and may take and hold stock and in its corporate capacity become a subscriber to the capital stock of any other corporation or corporations.</span></p><p dir="ltr" class="s2070639Normal"><span xml:space="preserve" class="s2070639000001"> </span></p><p dir="ltr" class="s2070639Normal"><span class="s2070639SCL">Source:</span><span xml:space="preserve" class="s2070639SCL-000002"> SDC 1939, § 52.1512; SL 1986, ch 396, § 9.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS49-33-29 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 49-33-29 "> <META NAME="Description" Content="South Dakota Codified Laws 49-33-29"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 49-33-29. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1986, ch 396, &#167;&nbsp;10.<p> </BODY> </HTML> <br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070641Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070641SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070641CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070641Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070641DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070641000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070641SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070641SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2070641Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-30"><span class="s2070641SENU">49-33-30</span></a><span xml:space="preserve" class="s2070641SENU">. </span><span class="s2070641CL">Consolidation or merger with other corporations--Approval of plan.</span></p><p dir="ltr" class="s2070641Normal-000000"><span xml:space="preserve" class="s2070641DefaultParagraphFont">Any corporation organized under chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33"><span class="s2070641DefaultParagraphFont">49-33</span></a><span xml:space="preserve" class="s2070641DefaultParagraphFont"> may merge with any one or more other corporations, domestic or foreign, into a single corporation, which may be any one of the constituent corporations, or may consolidate with any such corporations into a new corporation formed by the consolidation. Each of the constituent corporations shall enter into a plan of merger or consolidation. Such plan shall, in the case of each corporation organized under this chapter, first be approved by the board of directors of each such corporation and shall thereafter be submitted to and approved by each such corporation by a vote of the stockholders holding a majority, or such greater percentage as is provided in its articles of incorporation, of each class of the corporation's outstanding stock entitled to vote thereon under the corporation's articles of incorporation at an annual or special meeting of stockholders called by the board of directors for the purpose of acting on the plan. Such consolidation or merger shall otherwise be in conformance with and enjoy the benefits of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-1101"><span class="s2070641DefaultParagraphFont">47-1A-1101</span></a><span xml:space="preserve" class="s2070641DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-1108"><span class="s2070641DefaultParagraphFont">47-1A-1108</span></a><span class="s2070641DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2070641Normal"><span xml:space="preserve" class="s2070641000001"> </span></p><p dir="ltr" class="s2070641Normal"><span class="s2070641SCL">Source:</span><span xml:space="preserve" class="s2070641SCL-000002"> SL 1986, ch 396, § 11; SL 2005, ch 202, § 11.</span></p><p dir="ltr" class="s2070641Normal"><span xml:space="preserve" class="s2070641000001"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-33 - ELECTRIC, STREET RAILWAY AND GAS CORPORATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070642Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070642SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070642CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070642Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070642DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070642000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070642SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070642SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2070642Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-33-31"><span class="s2070642SENU">49-33-31</span></a><span xml:space="preserve" class="s2070642SENU">. </span><span class="s2070642CL">Articles of incorporation requiring greater vote control.</span></p><p dir="ltr" class="s2070642Normal-000000"><span class="s2070642DefaultParagraphFont">If, with respect to any action to be taken by the board of directors or by the stockholders of a corporation, the articles of incorporation require the vote or concurrence of the holders of a greater proportion of the shares, or of any class or series thereof, than required by any section of this title, the provision of the articles of incorporation requiring such greater vote shall not be altered, amended or repealed except by such greater vote.</span></p><p dir="ltr" class="s2070642Normal"><span xml:space="preserve" class="s2070642000001"> </span></p><p dir="ltr" class="s2070642Normal"><span class="s2070642SCL">Source:</span><span xml:space="preserve" class="s2070642SCL-000002"> SL 1986, ch 396, § 12.</span></p></div></body></html>