South Dakota Statutes
§ 49-43-61 — Parent company furnishing financial statements responsible for financial obligations of licensed entity.
South Dakota § 49-43-61
This text of South Dakota § 49-43-61 (Parent company furnishing financial statements responsible for financial obligations of licensed entity.) 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 § 49-43-61 (2026).
Text
If an applicant for a warehouse license that is a subsidiary of a parent company submits the financial statements of the parent company, the parent company furnishing the financial statements is responsible for all the financial obligations incurred by the licensed entity related to the purchase and storage of grain, including any voluntary credit sale contract.
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Legislative History
SL 2013, ch 238, § 6, eff. Apr. 1, 2013; SL 2015, ch 236, § 3.
Nearby Sections
15
§ 49-1-1
Repealed§ 49-1-10
Hearings before commission--Oaths.§ 49-1-11
Rules of commission.§ 49-1-13
Annual report to Governor--Contents.§ 49-1-13.1
Repealed§ 49-1-16
Duties of state's attorneys.§ 49-1-17
Repealed§ 49-1-19
Appeals from commission.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 49-43-61, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/49-43-61.