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Code · South Dakota · Title 47 · Chapter 47-21

47-21-22. Conversion of corporation into cooperative.

55 words·~1 min read·/sd/title-47/chapter-47-21/47-21-22

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Any corporation organized under the laws of this state and supplying or having the corporate power to supply electric energy may be converted into a cooperative by complying with the requirements of §§ 47-21-23 and 47-21-24 and shall thereupon become subject to this chapter with the same effect as if originally organized under this chapter.
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