49-45-9.1 Filing of financial documents in lieu of bond.
Filing of financial documents in lieu of bond.
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.
Source: SL 2008, ch 251, § 8; SL 2009, ch 249, § 1, eff. Mar. 11, 2009.