South Dakota Codified Laws 40-23-1. Definition and purposes of grazing district
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A cooperative corporation organized for the purpose of aiding in the conservation of natural forage resources within a designated area to be jointly used by its members, and for aiding in the restoration and improvement of lands which may be acquired by lease or purchase from a political subdivision or from others, shall be known in this chapter as a “cooperative grazing district.” “Cooperative grazing district” includes the land area within which the district operates.
Terms Used In South Dakota Codified Laws 40-23-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
Source: SDC 1939, § 40.1801.