64:44:01:11.  Retail delinquency. If a retail dealer becomes delinquent in the payment of any account due for merchandise purchased, the licensed wholesaler or distributor shall report that fact within 24 hours to the department. A retail dealer who becomes delinquent may not purchase merchandise for cash or otherwise from a licensed wholesaler or distributor until the delinquent account has been paid in full. The delinquent account must be cleared from the records of the department before a licensed wholesaler or distributor is permitted to sell merchandise to the retail dealer.

          Source: 1 SDR 44, effective December 6, 1974; 13 SDR 129, 13 SDR 134, effective July 1, 1987.

          General Authority: SDCL 37-10-26.

          Law Implemented: SDCL 37-10-2, 37-10-3, 37-10-29 to 37-10-35.