South Dakota § 40-15-11 Cancellation of auction agency bond by surety--New bond before continuing business.

South Dakota Statutes

§ 40-15-11 — Cancellation of auction agency bond by surety--New bond before continuing business.

South Dakota § 40-15-11

Title 40ANIMALS AND LIVESTOCK

Ch. 40-14LIVESTOCK AUCTION AGENCIES

This text of South Dakota § 40-15-11 (Cancellation of auction agency bond by surety--New bond before continuing business.) 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 § 40-15-11 (2026).

Text

The bond required by § 40-15-10 may be canceled by the surety thereon by not less than thirty days' prior written notice to the Animal Industry Board and such cancellation does not in any manner affect the liability of the surety as to anything occurring prior thereto. In the event of such cancellation, no further operations may be conducted by the livestock auction agency until a bond or security has been provided, approved, and filed as required in § 40-15-10 .

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

The bond required by § 40-15-10 may be canceled by the surety thereon by not less than thirty days' prior written notice to the Animal Industry Board and such cancellation does not in any manner affect the liability of the surety as to anything occurring prior thereto. In the event of such cancellation, no further operations may be conducted by the livestock auction agency until a bond or security has been provided, approved, and filed as required in § 40-15-10 .