47-21-22. Conversion of corporation into cooperative.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. Source: SL 1947, ch 33, §20; SDC Supp 1960, §11.2220.
South Dakota Legal Code