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Administrative Rules
Rule 64:44:01:04 Thirty-day credit.

          64:44:01:04.  Thirty-day credit. No licensed distributor or wholesaler of cigarettes may, directly or indirectly or through a subsidiary or affiliate corporation or by any officer, director, stockholder, employee, or partner of a subsidiary or affiliate corporation, give or advance money or credit to a retailer; that is, no sale or delivery of cigarettes may be made to a retailer except on terms which require payment by the  purchaser within 30 days. Every delivery of cigarettes shall be accompanied by an invoice of sale or a delivery slip giving the date of delivery of the cigarettes.

          Source: 1 SDR 44, effective December 6, 1974; 13 SDR 129, 13 SDR 144, effective July 1, 1987.

          General Authority: SDCL 37-10-26.

          Law Implemented: SDCL 37-10-2, 37-10-3.

Online Archived History: