<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-43-1 - Grain delivered to warehouse considered stored--Other arrangements--Settlement. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2071029Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2071029SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071029CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2071029Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2071029DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2071029000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2071029SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071029SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2071029Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-43-1"><span class="s2071029SENU">49-43-1</span></a><span xml:space="preserve" class="s2071029SENU">. </span><span class="s2071029CL">Grain delivered to warehouse considered stored--Other arrangements--Settlement.</span></p><p dir="ltr" class="s2071029Normal-000000"><span class="s2071029DefaultParagraphFont">Any grain delivered to a public grain warehouse shall be considered stored at the time of delivery unless an arrangement has been made with the public grain warehouse operator prior to or at the time of delivery to apply the grain on contract, for shipment or consignment, or for cash sale. Grain may be held in open storage, a grain bank account, or placed on a warehouse receipt. The warehouse shall issue a scale ticket for any grain received by the warehouse. The warehouse shall keep sufficient grain inventory to cover all stored grain. Settlement for all grain stored or sold shall be made immediately on demand by the owner.</span></p><p dir="ltr" class="s2071029Normal"><span xml:space="preserve" class="s2071029000001"> </span></p><p dir="ltr" class="s2071029Normal"><span class="s2071029SCL">Source:</span><span xml:space="preserve" class="s2071029SCL-000002"> SDC 1939, § 60.0314; SL 1973, ch 287, § 1; SL 1985, ch 376, § 22; SL 2008, ch 249, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-43-1 - Grain delivered to warehouse considered stored--Other arrangements--Settlement. </title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s76dadbab752f42e7b0c0f5d0083e685bNormal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; 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margin-bottom: .001pt; } span.s76dadbab752f42e7b0c0f5d0083e685b000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s76dadbab752f42e7b0c0f5d0083e685bSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s76dadbab752f42e7b0c0f5d0083e685bSCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 49-43-1.1 - Definitions."><meta property="og:description" content="SDLRC Codified Law 49-43-1.1 - Definitions."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/49-43-1.1"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal"><a href="https://sdlegislature.gov/Statutes?Statute=49-43-1.1" rel="noopener"><span class="s76dadbab752f42e7b0c0f5d0083e685bSENU">49-43-1.1</span></a><span xml:space="preserve" class="s76dadbab752f42e7b0c0f5d0083e685bSENU">. </span><span class="s76dadbab752f42e7b0c0f5d0083e685bCL">Definitions.</span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal-000000"><span class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">Terms used in this chapter mean:</span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal-000001"><span class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">(1)    "Commission," the Public Utilities Commission of this state;</span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal-000001"><span class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">(2)    "Grain bank," grain which is received by a public grain warehouse from depositors for storage and is to be withdrawn and processed into feed as needed;</span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal-000001"><span class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">(3)    "Independent provider," a third party entity that maintains an electronic central filing system of electronic warehouse receipts;</span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal-000001"><span class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">(4)    "Open storage grain," grain received by a public grain warehouse from a depositor for which a warehouse receipt has not been issued or a purchase made and is not grain bank;</span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal-000001"><span xml:space="preserve" class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">(5)    "Public grain warehouse," any public warehouse where grain, as defined in § </span><a href="https://sdlegislature.gov/Statutes?Statute=49-45-1.1" rel="noopener"><span class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">49-45-1.1</span></a><span xml:space="preserve" class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">, is received for storage for hire. A public grain warehouse may also purchase, receive or handle grain in accordance with the provisions of chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=49-45" rel="noopener"><span class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">49-45</span></a><span xml:space="preserve" class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont"> relating to grain buyers;</span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal-000001"><span class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">(6)    "Receipt," a warehouse receipt which complies with the requirements of this chapter and the rules of the commission promulgated pursuant thereto. A warehouse receipt may be in an electronic form;</span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal-000001"><span class="s76dadbab752f42e7b0c0f5d0083e685bDefaultParagraphFont">(7)    "Scale ticket," a memorandum issued by a public grain warehouse or grain buyer to a depositor at the time grain is initially delivered, showing the weight of the load, kind of grain, date of delivery, and indicates whether the grain is to be sold or stored under a warehouse receipt, in open storage, or in a grain bank account.</span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal"><span xml:space="preserve" class="s76dadbab752f42e7b0c0f5d0083e685b000002"> </span></p><p dir="ltr" class="s76dadbab752f42e7b0c0f5d0083e685bNormal"><span class="s76dadbab752f42e7b0c0f5d0083e685bSCL">Source:</span><span xml:space="preserve" class="s76dadbab752f42e7b0c0f5d0083e685bSCL-000003"> SL 1985, ch 376, § 17; SL 1986, ch 397, § 2; SL 1989, ch 404, § 1; SL 1994, ch 359, § 1; SL 2008, ch 249, § 2; SL 2011, ch 211, § 1; SL 2012, ch 232, § 1.</span></p></div></body></html>