64:44:01:12.  Granting of financial assistance to licensees. An extension or acceptance of credit in violation of this chapter is considered by the secretary as receiving financial assistance. The license of any wholesaler or distributor who violates this chapter shall be suspended or revoked, as determined by the secretary. In addition, any wholesaler or distributor who accepts postdated checks, notes, or memoranda or who participates in any scheme, trick, or device to assist a retail dealer in the violation of this chapter is considered to be in violation of §§ 64:44:01:04 to 64:44:01:12, inclusive.

          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.