South Dakota § 49-45-6 Supervision of grain buyers--Promulgation of rules.

South Dakota Statutes

§ 49-45-6 — Supervision of grain buyers--Promulgation of rules.

South Dakota § 49-45-6

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-44GRAIN BUYERS

This text of South Dakota § 49-45-6 (Supervision of grain buyers--Promulgation of rules.) 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 § 49-45-6 (2026).

Text

The commission shall supervise the business of grain buyers in this state and administer the laws in relation thereto. The commission may promulgate rules, pursuant to chapter 1-26 , concerning:

(1)The form of a grain buyer's bond and application and the information required to be included for licensing;

(2)Requirements for posting grain buyer's licenses;

(3)Notice requirements to sellers who enter into voluntary credit sale agreements;

(4)Requirements for filing financial statements with the commission and the financial standards by which the statements are approved when considering whether to license a grain buyer;

(5)Requirements for grain buyers to provide information to sellers regarding the statutes and rules relating to grain buyers;

(6)Requirements and proce

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The commission shall supervise the business of grain buyers in this state and administer the laws in relation thereto. The commission may promulgate rules, pursuant to chapter 1-26 , concerning: (1) The form of a grain buyer's bond and application and the information required to be included for licensing; (2) Requirements for posting grain buyer's licenses; (3) Notice requirements to sellers who enter into voluntary credit sale agreements; (4) Requirements for filing financial statements with the commission and the financial standards by which the statements are approved when considering whether to license a grain buyer; (5) Requirements for grain buyers to provide information to sellers regarding the statutes and rules relating to grain buyers; (6) Requirements and procedures for releasing bonds; and (7) Procedures and requirements for license suspension, revocation, transfer of ownership, or insolvency by a grain buyer.

Legislative History

SL 1985, ch 376, § 70; SL 1986, ch 22, § 26; SL 1990, ch 371, § 7; SL 1992, ch 332, § 6; SL 2008, ch 251, § 4; SL 2011, ch 211, § 6; SL 2020, ch 202, § 1.