§ 46A-8-1 Association organized under state law in conformity with federal law–Amendmentof articles of incorporation, purposes
§ 46A-8-2 Proposed amendment of articles of incorporation of association, time and manner ofmaking, submission to shareholders, publication
§ 46A-8-3 Bylaws of association–Repeal and amendment, submission of proposition toshareholders, publication
§ 46A-8-4 Acceptance of association books for public record by county commissioners–Recording of stock subscriptions–Charges
§ 46A-8-5 Election of officers and directors of association
§ 46A-8-6 Assessments against shareholders–Purpose–Bylaws–Nonpayment
§ 46A-8-7 Lien of association for unpaid assessments–Priority–Duration–Foreclosure and saleof land
§ 46A-8-8 Authority of association to transfer assets to municipality

Terms Used In South Dakota Codified Laws > Title 46A > Chapter 8 - Water Users' Associations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2