South Dakota § 49-34A-30 - Short-term obligations permitted without commission approval--Maximum outstanding.
Full text of South Dakota South Dakota Codified Laws § 49-34A-30 — Short-term obligations permitted without commission approval--Maximum outstanding., with citation guidance and answers to common questions.
§ 49-34A-30. Short-term obligations permitted without commission approval--Maximum outstanding.
Section 49-34A-29 shall not apply to the issue or renewal of, or assumption of liability on, a note or draft maturing not more than one year after the date of such issue, renewal, or assumption of liability, and aggregating, together with all other then outstanding notes and drafts of a maturity of one year or less on which such public utility is primarily or secondarily liable, not more than five percentum of the par value of the other securities of the public utility then outstanding. In the case of securities having no par value, the par value for the purpose of this section shall be the fair market value as of the date of issue.
Source: SL 1975, ch 283, § 21.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 49-34A-30
What does South Dakota Codified Laws § 49-34A-30 cover?
Section 49-34A-30 ("Short-term obligations permitted without commission approval--Maximum outstanding.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 49-34A-30?
A common citation format is "South Dakota Codified Laws § 49-34A-30" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 49-34A-30 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.