South Dakota Statutes
§ 42-7-60 — Bond required of applicant for license--Waiver--Revocation or suspension of license on nonpayment of fees or taxes.
Every person applying for a license under §§ 42-7-58 , 42-7-58.1 , and 42-7-56(16) shall give bond payable to the State of South Dakota with good security to be approved by the commission. The bond shall be the amount which the commission determines is adequate to protect the amount normally due and owing to the commission in a sixty-day period or, in the case of new or altered conditions, based on the projected revenues and to guarantee proper payout of wagers. The commission may waive the bond. In such event, the amount of taxes and fees due and owing the state shall be a lien on the license to operate. The lack of timely payment shall be cause for revocation or suspension of the license to operate.
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South Dakota § 42-7-60 (Bond required of applicant for license--Waiver--Revocation or suspension of license on nonpayment of fees or taxes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Claussen v. Brookings County (In Re Claussen)
118 B.R. 1009 (D. South Dakota, 1990)
Legislative History
SDC 1939, § 53.0504; SDCL, § 42-7-11; SL 1978, ch 302, § 16; SL 1991, ch 349, § 14; SL 2000, ch 212, § 4; SL 2005, ch 229, § 3.
Nearby Sections
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§ 42-10-1
Amusement ride defined.§ 42-10-2
Liability insurance requirement.§ 42-10-2.1
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Local government inspection.§ 42-10-4
Annual inspection.§ 42-10-5
Inspection affidavit.§ 42-10-6
Daily inspection--Standards--Record.§ 42-10-7
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Definition of terms.§ 42-11-2
Persons exempt from liability.§ 42-11-3
Conduct not exempt from liability.§ 42-11-4
Warranty or trespass unaffected.§ 42-11-5
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