South Dakota § 49-45-9.1 Filing of financial documents in lieu of bond.

South Dakota Statutes

§ 49-45-9.1 — Filing of financial documents in lieu of bond.

South Dakota § 49-45-9.1

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-44GRAIN BUYERS

This text of South Dakota § 49-45-9.1 (Filing of financial documents in lieu of bond.) 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 § 49-45-9.1 (2026).

Text

If the commission determines, because a corporate surety company becomes insolvent or ceases to write grain buyer bonds in this state, that a bond in the sum required by § 49-45-9 cannot be executed, or if a grain buyer is in the process of chapter 11 reorganization and a bond cannot be obtained, the commission may authorize the filing of other financial documents in lieu of a corporate surety bond.

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If the commission determines, because a corporate surety company becomes insolvent or ceases to write grain buyer bonds in this state, that a bond in the sum required by § 49-45-9 cannot be executed, or if a grain buyer is in the process of chapter 11 reorganization and a bond cannot be obtained, the commission may authorize the filing of other financial documents in lieu of a corporate surety bond.