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Code · South Dakota · Title 49 · Chapter 49-40

49-40-2. Hypothecation of assets permitted.

48 words·~1 min read·/sd/title-49/chapter-49-40/49-40-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If, in order to borrow money, it shall become necessary that a consumers power district mortgage, or otherwise hypothecate, any of its said property or assets to secure the payment of a loan or loans made to it, such district is hereby authorized and empowered to do so.
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