South Dakota Statutes
§ 49-43-61 — Parent company furnishing financial statements responsible for financial obligations of licensed entity.
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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South Dakota § 49-43-61 (Parent company furnishing financial statements responsible for financial obligations of licensed entity.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed§ 49-1-10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Repealed§ 49-1-16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Repealed§ 49-1-19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.