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·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-44 GRAIN BUYERS

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.

South Dakota § 49-45-29 (Grain broker--Prohibited activities--Penalty--Civil fine.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.