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·Title 40 ANIMALS AND LIVESTOCK·Ch. 40-14 LIVESTOCK AUCTION AGENCIES

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 .

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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 .

South Dakota § 40-15-11 (Cancellation of auction agency bond by surety--New bond before continuing business.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.