<html> <head> <title>Rule 61:24:03:07 Records to be maintained for five years.</title> <META NAME="Keywords" Content="Administrative Rules 61:24:03:07"> <META NAME="Description" Content="Administrative Rules 61:24:03:07 Records to be maintained for five years."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>61:24:03:07.&nbsp;&nbsp;Records</b><b> to be maintained for five years</b><b>.</b> A dealer or auctioneer must maintain records, documents, and contracts for consignment sales for inspection by the department for five years following the sale.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 24 SDR 31, effective September 17, 1997; 24 SDR 180, effective July 1, 1998.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=32-6B-60">32-6B-60</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=32-7B-20">32-7B-20.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=32-6B-20">32-6B-20</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=32-6B-37">32-6B-37</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=32-7B-9">32-7B-9.</A></p> </div> </body> </html>