South Dakota § 49-43-5.8 Possession of warehouse by commission--Notification of surety.

South Dakota Statutes

§ 49-43-5.8 — Possession of warehouse by commission--Notification of surety.

South Dakota § 49-43-5.8

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-42APUBLIC GRAIN WAREHOUSES

This text of South Dakota § 49-43-5.8 (Possession of warehouse by commission--Notification of surety.) 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 § 49-43-5.8 (2026).

Text

If the commission becomes aware of any act by any warehouse operator as described in § 49-43-5.6 , the commission may:

(1)Take immediate possession of the warehouse facility, and undertake an immediate audit and verify the names and addresses of all outstanding warehouse receipt holders and scale ticket holders as revealed by the audit, and audit and certify the quantity and class or classes of grain therein;

(2)Immediately notify the surety named in both the warehouse's and grain buyer's bonds, if any, held by the warehouse.

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If the commission becomes aware of any act by any warehouse operator as described in § 49-43-5.6 , the commission may: (1) Take immediate possession of the warehouse facility, and undertake an immediate audit and verify the names and addresses of all outstanding warehouse receipt holders and scale ticket holders as revealed by the audit, and audit and certify the quantity and class or classes of grain therein; (2) Immediately notify the surety named in both the warehouse's and grain buyer's bonds, if any, held by the warehouse.