South Dakota Codified Laws 47-21-64. Powers of cooperative–Franchises, licenses and easements
Current as of: 2023 | Check for updates
|
Other versions
A cooperative shall have power to purchase, lease as lessee, or otherwise acquire, and to use, and exercise and to sell, assign, convey, mortgage, pledge, or otherwise dispose of or encumber, franchises, rights, privileges, licenses, and easements.
Terms Used In South Dakota Codified Laws 47-21-64
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Source: SL 1947, ch 33, § 4; SDC Supp 1960, § 11.2204 (6).