reglab/housing_qa huggingface dataset:
SD Codified L § 47-21-47 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-47 - After-acquired property as subject to encumbrance--Recordation as notice.

47-21-47. After-acquired property as subject to encumbrance--Recordation as notice.All after-acquired property of a cooperative described or referred to as being mortgaged or pledged in any mortgage, deed of trust, or other instrument described in §47-21-46, shall become subject to the lien thereof immediately upon the acquisition of such property by such cooperative whether or not such property was in existence at the time of the execution of such mortgage, deed of trust, or other instrument. Recordation of any such mortgage, deed of trust, or other instrument shall constitute notice and otherwise have the same effect with respect to such after-acquired property as it has under the laws relating to recordation, with respect to property owned by such cooperative at the time of the execution of such mortgage, deed of trust, or other instrument and therein described or referred to as being mortgaged or pledged thereby. Source: SL 1947, ch 33, §26; SDC Supp 1960, §11.2226.
SD Codified L § 47-21-48 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-48 - Encumbrance against personal property--Continuance of lien without refiling.

47-21-48. Encumbrance against personal property--Continuance of lien without refiling.The lien upon personal property of any mortgage, deed of trust, or other instrument described in §47-21-46 shall, after recordation thereof, continue in existence and of record for the period of time specified therein without the refiling thereof or the filing of any renewal certificate, affidavit, or other supplemental information required by the laws relating to the renewal, maintenance, or extension of liens upon personal property. Source: SL 1947, ch 33, §26; SDC Supp 1960, §11.2226.
SD Codified L § 47-21-49 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-49 - Members of cooperatives--Qualifications.

47-21-49. Members of cooperatives--Qualifications.Each incorporator of a cooperative shall be a member thereof, but no other person may become a member thereof unless such other person agrees to use electric energy furnished by the cooperative when it is made available through its facilities. Source: SL 1947, ch 33, §9; SDC Supp 1960, §11.2209.
SD Codified L § 47-21-50 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-50 - Use of electric energy required--Failure to make energy available.

47-21-50. Use of electric energy required--Failure to make energy available.Any member of a cooperative, other than a member which is itself a cooperative, who agrees to use electric energy shall cease to be a member if he does not use electric energy supplied by the cooperative within six months after it is made available to him or if electric energy is not made available to him by the cooperative within two years after he becomes a member, or such lesser period as the bylaws of the cooperative may provide. Source: SL 1947, ch 33, §9; SDC Supp 1960, §11.2209.
SD Codified L § 47-21-51 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-51 - Husband and wife as members--Membership not transferable--Additional qualifications of members.

47-21-51. Husband and wife as members--Membership not transferable--Additional qualifications of members.A husband and wife may hold a joint membership in a cooperative. Membership in a cooperative shall not be transferable, except as provided in the bylaws. The bylaws may prescribe additional qualifications and limitations in respect of membership. Source: SL 1947, ch 33, §9; SDC Supp 1960, §11.2209.
SD Codified L § 47-21-52 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-52 - Liability of members for acts of cooperative.

47-21-52. Liability of members for acts of cooperative.No member shall be liable or responsible for any debts of the cooperative and the property of the members shall not be subject to execution therefor. Source: SL 1947, ch 33, §25; SDC Supp 1960, §11.2225.
SD Codified L § 47-21-53 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-53 - Annual members' meeting.

47-21-53. Annual members' meeting.An annual meeting of the members of a cooperative shall be held at such time and place as shall be provided by the bylaws. Source: SL 1947, ch 33, §10; SDC Supp 1960, §11.2210 (1).
SD Codified L § 47-21-54 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-54 - Special meetings for members--Procedure for calling.

47-21-54. Special meetings for members--Procedure for calling.Special meetings of the members of a cooperative may be called by the president, by the board of directors, by any three directors, or by not less than ten percentum of the members. Source: SL 1947, ch 33, §10; SDC Supp 1960, §11.2210 (2).
SD Codified L § 47-21-55 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-55 - Notice of meeting--Contents of notice--Method of giving notice.

47-21-55. Notice of meeting--Contents of notice--Method of giving notice.Except as otherwise provided in this chapter, written or printed notice stating the time and place of each meeting of the members of a cooperative, and, in the case of a special meeting, the purpose or purposes for which the meeting is called, shall be given to each member, either personally or by mail, not less than ten days nor more than twenty-five days before the date of the meeting, unless the constitution requires a different notice in respect of one or more of the purposes of the meeting in which case only the notice required by the constitution shall be given. If mailed, such notice shall be deemed to be given when deposited in the United States mail with postage prepaid addressed to the member at his address as it appears on the records of the cooperative. Source: SL 1947, ch 33, §10; SDC Supp 1960, §11.2210 (3).
SD Codified L § 47-21-56 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-56 - Quorum for members' meetings--Quorum for district meeting--Adjournment for failure of quorum.

47-21-56. Quorum for members' meetings--Quorum for district meeting--Adjournment for failure of quorum.Unless the bylaws prescribe the presence of a greater percentage or number of the members for a quorum, a quorum for the transaction of business at all meetings of the members of a cooperative having not more than one thousand members, shall be five percent of all members, present in person, and of a cooperative having more than one thousand members, shall be fifty members, present in person. If less than a quorum is present at any meeting, a majority of those present in person may adjourn the meeting from time to time without further notice. The sufficiency or requirement of a quorum for the transaction of business at a district meeting of members shall be established in the bylaws. However, the quorum may not be less than five members. Source: SL 1947, ch 33, §10; SDC Supp 1960, §11.2210 (4); SL 2000, ch 220, §2.
SD Codified L § 47-21-57 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-57 - Voting by members--Spouse voting for member--Mail voting.

47-21-57. Voting by members--Spouse voting for member--Mail voting.Each member of a cooperative is entitled to one vote on each matter submitted to a vote at a meeting of the members. The spouse of a member may vote on behalf of the member unless the member has indicated otherwise. Members may vote by mail for any issue authorized by the bylaws of the cooperative, except the election of directors, purposes prohibited by §47-21-20, or a vote required by §47-21-45. If a cooperative's bylaws allow mail voting, they shall also prescribe any conditions or limitations of such voting. Member ballots voted by mail shall be returned before or at any membership meeting, and each ballot submitted counts as a member present and voting at a meeting for any quorum requirements of §47-21-56 or a cooperative's bylaws. No cooperative member may vote by proxy on any issue. Source: SL 1947, ch 33, §10; SDC Supp 1960, §11.2210 (5); SL 1984, ch 299; SL 1998, ch 270, §1.
SD Codified L § 47-21-58 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-58 - Waiver of notice--Attendance as waiver--Exceptions.

47-21-58. Waiver of notice--Attendance as waiver--Exceptions.Any person entitled to notice of a meeting may waive such notice in writing either before or after such meeting. If any such person shall attend such meeting, such attendance shall constitute a waiver of notice of such meeting, unless such person participates therein solely to object to the transaction of any business because the meeting has not been legally called or convened. Source: SL 1947, ch 33, §11; SDC Supp 1960, §11.2211.
SD Codified L § 47-21-59 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-59 - Powers of cooperative--Capacity to sue and be sued.

47-21-59. Powers of cooperative--Capacity to sue and be sued.A cooperative shall have power to sue and be sued in its corporate name. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (1).
SD Codified L § 47-21-60 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-60 - Powers of cooperative--Perpetual existence.

47-21-60. Powers of cooperative--Perpetual existence.A cooperative shall have power to have perpetual existence. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (2).
SD Codified L § 47-21-61 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-61 - Powers of cooperative--Corporate seal.

47-21-61. Powers of cooperative--Corporate seal.A cooperative shall have power to adopt a corporate seal and alter the same. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (3).
SD Codified L § 47-21-62 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-62 - Powers of cooperative--Generation and distribution of electric energy.

47-21-62. Powers of cooperative--Generation and distribution of electric energy.A cooperative may generate, manufacture, purchase, acquire, accumulate, and transmit electric energy, and may distribute, sell, supply, and dispose of electric energy to its members, to governmental agencies and political subdivisions, and to other persons. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (4); SL 1997, ch 258, §2.
SD Codified L § 47-21-63 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-63 - Powers of cooperative--Dealing in property and equipment.

47-21-63. Powers of cooperative--Dealing in property and equipment.A cooperative may construct, purchase, lease as lessee, or otherwise acquire, and equip, maintain, and operate, and sell, assign, convey, lease as lessor, mortgage, pledge, or otherwise dispose of or encumber, transmission and distribution lines or systems, electric generating plants, land, buildings, structures for office, distribution of energy or warehousing, dams, plants and equipment, which are necessary to accomplish the purpose for which the cooperative is organized. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (5); SL 1994, ch 349, §2.
SD Codified L § 47-21-64 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-64 - Powers of cooperative--Franchises, licenses and easements.

47-21-64. Powers of cooperative--Franchises, licenses and easements.A cooperative shall have power to purchase, lease as lessee, or otherwise acquire, and to use, and exercise and to sell, assign, convey, mortgage, pledge, or otherwise dispose of or encumber, franchises, rights, privileges, licenses, and easements. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (6).
SD Codified L § 47-21-65 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-65 - Powers of cooperative--Borrowing--Security for borrowing.

47-21-65. Powers of cooperative--Borrowing--Security for borrowing.A cooperative shall have power to borrow money and otherwise contract indebtedness, and to issue notes, bonds, and other evidences of indebtedness, and to secure the payment thereof by mortgage, pledge, or deed of trust of, or any other encumbrance upon, any or all of its then owned or after-acquired real or personal property, assets, franchises, or revenues. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (7).
SD Codified L § 47-21-66 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-66 - Powers of cooperative--Construction and maintenance of facilities on public lands.

47-21-66. Powers of cooperative--Construction and maintenance of facilities on public lands.A cooperative may construct, maintain, and operate transmission and distribution lines along, upon, under, and across publicly owned lands and public thoroughfares, including all roads, highways, streets, alleys, bridges, and causeways. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (8); SL 1994, ch 349, §3.
SD Codified L § 47-21-67 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-67 - Powers of cooperative--Eminent domain.

47-21-67. Powers of cooperative--Eminent domain.A cooperative shall have power to exercise the power of eminent domain in the manner provided by the laws of this state for the exercise of such power by other corporations constructing or operating electric transmission and distribution lines or systems. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (9).
SD Codified L § 47-21-68 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-68 - Powers of cooperative--Joining other cooperatives.

47-21-68. Powers of cooperative--Joining other cooperatives.A cooperative may become a member of other cooperatives, corporations, or organizations engaged in the purposes as set forth in §47-21-2, and may own stock therein. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (10); SL 1989, ch 392, §2; SL 1994, ch 349, §4.
SD Codified L § 47-21-69 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-69 - Powers of cooperative--Extraterritorial powers.

47-21-69. Powers of cooperative--Extraterritorial powers.A cooperative shall have power to conduct its business and exercise its powers within or without this state. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (11).
SD Codified L § 47-21-70 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-70 - Powers of cooperative--Bylaws.

47-21-70. Powers of cooperative--Bylaws.A cooperative shall have power to adopt, amend, and repeal bylaws. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (12).
SD Codified L § 47-21-71 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-71 - Powers of cooperative--Other powers.

47-21-71. Powers of cooperative--Other powers.A cooperative shall have power to do and perform any other acts and things, and to have and exercise any other powers which may be necessary, to accomplish the purpose for which the cooperative is organized. Source: SL 1947, ch 33, §4; SDC Supp 1960, §11.2204 (13).
SD Codified L § 47-21-72 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-72 - Requirement that cooperative be nonprofit--Disposition of revenues.

47-21-72. Requirement that cooperative be nonprofit--Disposition of revenues.A cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons. The bylaws of a cooperative or its contracts with consumers shall contain provisions relative to the disposition of revenues and receipts necessary and appropriate to establish and maintain its nonprofit and cooperative character. In addition to provisions of the bylaws relative to the disposition of revenues and receipts, the board of directors of the cooperative before allocating and crediting margins to its patrons may, by resolution, provide for the adoption of margin stabilization plans, revenue, or expense deferral plans or other plans that provide for the retention of revenues and receipts in excess of those needed to meet current losses and expenses. Reasonable reserves may be created by the cooperative for payment of the incremental cost of electric power and energy purchased by the cooperative for resale to its patrons. Source: SL 1947, ch 33, §23; SDC Supp 1960, §11.2223; SL 1992, ch 322, §1.
SD Codified L § 47-21-72.1 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-72.1 - Directors not liable for distribution in good faith reliance on financial statements or accountants' reports.

47-21-72.1. Directors not liable for distribution in good faith reliance on financial statements or accountants' reports.A director of a rural electric cooperative shall not be liable for any unauthorized dividend or distribution of assets if he relied and acted in good faith upon financial statements of the cooperative represented to him to be correct by the president or the officer of the cooperative having charge of his books of account, or stated in a written report by a certified public accountant failing to reflect the financial condition of the cooperative, nor shall he be so liable if in good faith in determining the amount available for any such dividend or distribution he considered the assets to be of their book value. Source: SL 1978, ch 338, §1.
SD Codified L § 47-21-73 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-73 - Municipal corporation or county grant to use public streets.

47-21-73. Municipal corporation or county grant to use public streets.Subject to the provisions of §§31-26-1 to 31-26-8, inclusive, any municipal corporation or county may grant to any cooperative, upon such terms as the proper authorities thereof shall determine, the use of any street or highway within its limits for the purposes set forth in §47-21-2, and such use of such street or highway may not be held to be an additional burden. Source: SL 1947, ch 33, §27; SDC Supp 1960, §11.2227; SL 1992, ch 60, §2; SL 1994, ch 349, §5.
SD Codified L § 47-21-74 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-74 - Foreign cooperatives--Conditions to local operation--Statement to secretary of state--Contents of statement.

47-21-74. Foreign cooperatives--Conditions to local operation--Statement to secretary of state--Contents of statement.Any foreign nonprofit or cooperative corporation supplying or authorized to supply electric energy and owning or operating electric transmission or distribution lines in an adjacent state may construct or acquire extensions of such lines in this state and operate such extensions. Any such corporation, before constructing or operating such extensions, shall, by its president or vice-president, under its seal attested by its secretary, make and forward to the secretary of state a statement, duly sworn to, setting forth:(1)The name of such corporation and the location of its principal office or place of business without this state, and in case such corporation is to have any place of business or principal office within this state, the location thereof;(2)The names and addresses of the officers of such corporation and the name and address of the agent or manager of such corporation who will represent it in this state; and(3)That it constitutes and appoints the secretary of state its true and lawful agent upon whom the summons, notices, pleadings, or process in any action or proceeding against it may be served in respect of any liability arising out of any business, contract, or transaction in this state and that it stipulates that service thereof upon the secretary of state or his deputy shall be accepted irrevocably as a valid service upon it and that such appointment and stipulation shall continue in force irrevocably so long as any liability of such corporation remains outstanding in this state.Upon compliance with the requirements of this section such corporation shall have all the rights, powers, privileges, and immunities of a cooperative. Source: SL 1947, ch 33, §31; SDC Supp 1960, §11.2231.
SD Codified L § 47-21-75 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-75 - Construction to comply with National Electrical Safety Code--Compliance establishes due care in negligence claim.

47-21-75. Construction to comply with National Electrical Safety Code--Compliance establishes due care in negligence claim.Construction of electric lines by a cooperative shall comply with the standards of the National Electrical Safety Code in effect at the time of the construction. Proof of compliance with the requirements of the applicable National Electrical Safety Code establishes due care in the defense of a negligence claim alleging a violation of that standard. Source: SL 1947, ch 33, §28; SL 1951, ch 21; SDC Supp 1960, §11.2228; SL 2007, ch 261, §1.
SD Codified L § 47-21-76 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-76 - Change of location of principal office--Certificate to secretary of state.

47-21-76. Change of location of principal office--Certificate to secretary of state.A cooperative may, upon authorization of its board of directors or its members, change the location of its principal office by filing a certificate reciting such change of principal office, executed and acknowledged by its president or vice-president under its seal attested by its secretary, in the Office of the Secretary of State. Source: SL 1947, ch 33, §16; SDC Supp 1960, §11.2216.
SD Codified L § 47-21-77 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-77 - Securities regulation laws inapplicable.

47-21-77. Securities regulation laws inapplicable.The provisions of chapter 47-31B do not apply to any note, bond or other evidence of indebtedness issued by any cooperative pursuant to this chapter to the United States of America or any agency or other instrumentality thereof, to any member of such cooperative, or to any mortgage, deed of trust, or other instrument executed to secure the same. Chapter 47-31B does not apply to the issuance of membership certificates or any other evidence of member interest by any cooperative or any such foreign corporation. Source: SL 1947, ch 33, §33; SDC Supp 1960, §11.2233; SL 1971, ch 259, §3; SL 1989, ch 30, §77; SL 2004, ch 278, §65.
SD Codified L § 47-21-78 (2021)
2021 South Dakota Codified Laws|Title 47 - Corporations|Chapter 21 - Rural Electric Cooperatives|Section 47-21-78 - Construction of chapter.

47-21-78. Construction of chapter.This chapter shall be construed liberally. The enumeration of any object, purpose, power, manner, method, or thing shall not be deemed to exclude like or similar objects, purposes, powers, manners, methods, or things. Source: SL 1947, ch 33, §34; SDC Supp 1960, §11.2234.