1-24-4. Contents of agreement.Any such agreement shall specify the following:(1)Its duration;(2)The precise organization, composition, and nature of any separate legal or administrative entity created thereby together with the powers delegated thereto, provided such entity may be legally created;(3)Its purpose or purposes;(4)The manner of financing the joint or cooperative undertaking and of establishing and maintaining a budget therefor;(5)The permissible method or methods to be employed in accomplishing the partial or complete termination of the agreement and for disposing of property upon such partial or complete termination; and(6)Any other necessary and proper matters. Source: SL 1966, ch 187, §4.
South Dakota Legal Code