South Dakota Statutes
§ 10-50B-19 — State directory--Manufacturers--Surety bond--Amount.
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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South Dakota § 10-50B-19 (State directory--Manufacturers--Surety bond--Amount.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2020, ch 36, § 2.
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