South Dakota Statutes

§ 42-7-60 — Bond required of applicant for license--Waiver--Revocation or suspension of license on nonpayment of fees or taxes.

South Dakota § 42-7-60
JurisdictionSouth Dakota
Title 42RECREATION AND SPORTS
Ch. 42-6HORSE AND DOG RACING

This text of South Dakota § 42-7-60 (Bond required of applicant for license--Waiver--Revocation or suspension of license on nonpayment of fees or taxes.) 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 § 42-7-60 (2026).

Text

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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Related

Claussen v. Brookings County (In Re Claussen)
118 B.R. 1009 (D. South Dakota, 1990)
18 case citations

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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Bluebook (online)
South Dakota § 42-7-60, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/42-7-60.