South Dakota § 49-45-7.1 Classes of grain buyer's license.

South Dakota Statutes

§ 49-45-7.1 — Classes of grain buyer's license.

South Dakota § 49-45-7.1

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-44GRAIN BUYERS

This text of South Dakota § 49-45-7.1 (Classes of grain buyer's license.) 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 § 49-45-7.1 (2026).

Text

An applicant may apply for a Class A grain buyer's license or a Class B grain buyer's license. No grain buyer with a Class B grain buyer's license may purchase grain in excess of five million dollars for the annual licensed year or enter into voluntary credit sale contracts. The commission shall require an applicant for a Class A grain buyer's license to submit a more detailed review of its financial condition than an applicant for a Class B grain buyer's license.

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An applicant may apply for a Class A grain buyer's license or a Class B grain buyer's license. No grain buyer with a Class B grain buyer's license may purchase grain in excess of five million dollars for the annual licensed year or enter into voluntary credit sale contracts. The commission shall require an applicant for a Class A grain buyer's license to submit a more detailed review of its financial condition than an applicant for a Class B grain buyer's license.