South Dakota Statutes
§ 40-15-31 — Segregation and safeguarding of customers' funds by auction agency--Misuse of funds as felony.
South Dakota § 40-15-31
This text of South Dakota § 40-15-31 (Segregation and safeguarding of customers' funds by auction agency--Misuse of funds as felony.) 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 § 40-15-31 (2026).
Text
No livestock auction agency may make such use or disposition of funds in its possession or control as endangers or impairs the faithful and prompt accounting for any payment or such portion thereof as may be due the owner or consignor of livestock or any other person having an interest therein, and to this end shall so handle all such funds as to prevent their being commingled or confused with other accounts or funds of the auction agency kept or used for other purposes. The misuse of such funds, resulting in their loss to the owner or consignor of livestock or any other person having an interest therein, is a Class 5 felony.
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Related
Gilbert v. United National Bank
436 N.W.2d 23 (South Dakota Supreme Court, 1989)
Legislative History
SDC 1939, § 40.2003 as added by SL 1941, ch 167; SL 1947, ch 178; SL 1965, ch 170; SL 1988, ch 325; SL 1990, ch 325, § 266.
Nearby Sections
15
§ 40-1-1
Definition of terms.§ 40-1-13
Euthanasia of fatally injured or diseased animal--Notice to euthanize--Violation as misdemeanor.§ 40-1-15
Repealed§ 40-1-17
Exemptions from chapters§ 40-1-18
Repealed§ 40-1-2
Repealed§ 40-1-2.2
Repealed§ 40-1-2.4
Cruelty to animals--Felony.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 40-15-31, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/40-15-31.