Any water user's association organized pursuant to this chapter may, by a majority vote of its shareholders, sell, lease, or otherwise dispose of part or all of its assets to a municipality.
S.D. Codified Laws § 46A-8-8
Authority of association to transfer assets to municipality
Source: SL 1982, ch 312, § 1; SDCL Supp, § 46-11-8.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.