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          20:10:12:05.  Form of grain buyer's bond. The Public Utilities Commission shall furnish the grain buyer's bond form required by SDCL 49-45-9 and the bond form shall contain the following:


          (1)  Name and address of the principal;

          (2)  Name and address of the surety;

          (3)  Purpose of the bond;

          (4)  Each location of the buyer;

          (5)  Starting and ending date of the license for which the bond is given;

          (6)  Amount of the bond;

          (7)  Bond obligation;

          (8)  Signatures of the principal and the surety;

          (9)  Acknowledgements;

          (10)  Statutory authority for the bond; and

          (11)  If the bond is for both a grain warehouseman's and a grain buyer's license, a recitation that the bond amounts are separate and not in the aggregate for both bonds.


          Source: 12 SDR 85, retroactively effective July 1, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 24 SDR 190, effective July 15, 1998; 35 SDR 48, effective September 9, 2008; 40 SDR 39, effective September 9, 2013.

          General Authority: SDCL 49-45-6(1).

          Law Implemented: SDCL 49-45-9.


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