South Dakota § 49-45-29 Grain broker--Prohibited activities--Penalty--Civil fine.

South Dakota Statutes

§ 49-45-29 — Grain broker--Prohibited activities--Penalty--Civil fine.

South Dakota § 49-45-29

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-44GRAIN BUYERS

This text of South Dakota § 49-45-29 (Grain broker--Prohibited activities--Penalty--Civil fine.) 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 § 49-45-29 (2026).

Text

It is a Class 5 felony for a grain broker to:

(1)Negotiate or attempt to negotiate a grain transaction with a grain buyer, who is not licensed in accordance with this chapter; or (2) Take title or attempt to take title to grain that is subject to a transaction being negotiated by the grain broker. The commission may assess a civil fine against a grain broker in the amount of five thousand dollars for each violation of this section, up to a maximum fine of fifty-thousand dollars, annually.

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It is a Class 5 felony for a grain broker to: (1) Negotiate or attempt to negotiate a grain transaction with a grain buyer, who is not licensed in accordance with this chapter; or (2) Take title or attempt to take title to grain that is subject to a transaction being negotiated by the grain broker. The commission may assess a civil fine against a grain broker in the amount of five thousand dollars for each violation of this section, up to a maximum fine of fifty-thousand dollars, annually.