Cooperatives may be organized under this chapter for any lawful purpose except banking, securities, and insurance. Cooperatives proposing to provide local exchange telephone service in a rural telephone company's service area may do so only in compliance with the procedures contained in section 251(f) of the Communication Act of 1934, as amended by the Telecommunications Act of 1996.
S.D. Codified Laws § 47-21-2
Purpose and authority
Known as the Electric Cooperative Law
The act spans §§ 47–47 (92 sections).
Applied in 2 court decisions — leading case Satellite Cable Services, Inc. v. Northern Electric Cooperative, Inc. (1998)
Most recently applied in Satellite Cable Services, Inc. v. Northern Electric Cooperative, Inc. (July 1998)
Source: SL 1947, ch 33, § 2; SDC Supp 1960, § 11.2202; SL 1989, ch 392, § 1; SL 1994, ch 349, § 1; SL 1997, ch 258, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.