Section 49-33-13 - Powers of corporation--Extraterritorial powers

49-33-13. Powers of corporation--Extraterritorial powers.Every corporation organized under this chapter shall have power to exercise all its rights, franchises, and privileges in any other state of the United States and to accept from any other state into which its railroad, electric light, or power line is extended additional and other powers and privileges applicable to the business of such corporation in such territory. Source: SDC 1939, §52.1509 (8).