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.
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