South Dakota § 10-50B-19 State directory--Manufacturers--Surety bond--Amount.

South Dakota Statutes

§ 10-50B-19 — State directory--Manufacturers--Surety bond--Amount.

South Dakota § 10-50B-19

Title 10TAXATION

Ch. 10-50AESCROW FUND FOR TOBACCO LITIGATION

This text of South Dakota § 10-50B-19 (State directory--Manufacturers--Surety bond--Amount.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 10-50B-19 (2026).

Text

Before being listed in the state directory of manufacturers and brands permitted to be sold, any tobacco product manufacturer required to place a deposit into a qualified escrow fund pursuant to subdivision 10-50B-7 (2) shall provide a surety bond to the attorney general at least ten days before the beginning of each calendar quarter. The amount of the bond shall be the greater of:

(1)The largest required deposit into a qualified escrow fund by the tobacco product manufacturer or the tobacco product manufacturer's predecessor for any of the twelve preceding calendar quarters; or (2) Twenty-five thousand dollars.

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Before being listed in the state directory of manufacturers and brands permitted to be sold, any tobacco product manufacturer required to place a deposit into a qualified escrow fund pursuant to subdivision 10-50B-7 (2) shall provide a surety bond to the attorney general at least ten days before the beginning of each calendar quarter. The amount of the bond shall be the greater of: (1) The largest required deposit into a qualified escrow fund by the tobacco product manufacturer or the tobacco product manufacturer's predecessor for any of the twelve preceding calendar quarters; or (2) Twenty-five thousand dollars.