South Dakota § 36-11A-1.4 Transaction statement defined.

South Dakota Statutes

§ 36-11A-1.4 — Transaction statement defined.

South Dakota § 36-11A-1.4

Title 36PROFESSIONS AND OCCUPATIONS

Ch. 36-10AWHOLESALE DRUG DISTRIBUTORS

This text of South Dakota § 36-11A-1.4 (Transaction statement defined.) 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 § 36-11A-1.4 (2026).

Text

As used in this chapter, the term, transaction statement, means a statement, in paper or electronic form, that the entity transferring ownership in a transaction:

(1)Is authorized under federal law;

(2)Received the product from a person who is authorized as required under federal law;

(3)Received the transaction information and transaction statement from the prior owner of the product, as required by federal law;

(4)Did not knowingly ship a suspect or illegitimate product;

(5)Had systems and processes in place to comply with verification requirements outlined in federal law;

(6)Did not knowingly provide false transaction information; and (7) Did not knowingly alter the transaction history.

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this chapter, the term, transaction statement, means a statement, in paper or electronic form, that the entity transferring ownership in a transaction: (1) Is authorized under federal law; (2) Received the product from a person who is authorized as required under federal law; (3) Received the transaction information and transaction statement from the prior owner of the product, as required by federal law; (4) Did not knowingly ship a suspect or illegitimate product; (5) Had systems and processes in place to comply with verification requirements outlined in federal law; (6) Did not knowingly provide false transaction information; and (7) Did not knowingly alter the transaction history.