<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 49-43-2 - Delivery constitutes bailment rather than sale. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2071031Normal { 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.s2071031SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071031CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2071031Normal-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.s2071031DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2071031000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2071031SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071031SCL-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="s2071031Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-43-2"><span class="s2071031SENU">49-43-2</span></a><span xml:space="preserve" class="s2071031SENU">. </span><span class="s2071031CL">Delivery constitutes bailment rather than sale.</span></p><p dir="ltr" class="s2071031Normal-000000"><span class="s2071031DefaultParagraphFont">If any grain is delivered to any person doing a public grain warehouse business in this state and is held in open storage, in a grain bank account, or placed on a warehouse receipt, the delivery is a bailment and not a sale of the grain.</span></p><p dir="ltr" class="s2071031Normal"><span xml:space="preserve" class="s2071031000001"> </span></p><p dir="ltr" class="s2071031Normal"><span class="s2071031SCL">Source:</span><span xml:space="preserve" class="s2071031SCL-000002"> SDC 1939, § 60.0315; SL 1985, ch 376, § 24; SL 2008, ch 249, § 3.</span></p></div></body></html><br /><hr><br /><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 49-43-2 - Delivery constitutes bailment rather than sale. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2071032Normal { 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.s2071032SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071032CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2071032Normal-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.s2071032DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2071032Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2071032000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2071032SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071032SCL-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></head><body><div><p dir="ltr" class="s2071032Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-43-2.1"><span class="s2071032SENU">49-43-2.1</span></a><span xml:space="preserve" class="s2071032SENU">. </span><span class="s2071032CL">Receipt for stored grain required--Exceptions--Form--Violation as misdemeanor.</span></p><p dir="ltr" class="s2071032Normal-000000"><span xml:space="preserve" class="s2071032DefaultParagraphFont">The operator of a public grain warehouse shall give a receipt for the grain received by it for storage, except for grain held in open storage or a grain bank account. No receipt form may be used except any form requested and ordered in accordance with the commission's rules promulgated pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2071032DefaultParagraphFont">1-26</span></a><span class="s2071032DefaultParagraphFont">.</span></p><p dir="ltr" class="s2071032Normal-000001"><span class="s2071032DefaultParagraphFont">The commission shall determine by rule or order the form and contents of any receipt form, which shall be uniform.</span></p><p dir="ltr" class="s2071032Normal-000001"><span class="s2071032DefaultParagraphFont">Any receipt form may be recovered by the commission if the public grain warehouse license is revoked, suspended, or otherwise terminated.</span></p><p dir="ltr" class="s2071032Normal-000001"><span class="s2071032DefaultParagraphFont">A violation of this section is a Class 1 misdemeanor.</span></p><p dir="ltr" class="s2071032Normal"><span xml:space="preserve" class="s2071032000002"> </span></p><p dir="ltr" class="s2071032Normal"><span class="s2071032SCL">Source:</span><span xml:space="preserve" class="s2071032SCL-000003"> SL 1985, ch 376, § 23; SL 1986, ch 397, § 3; SL 2008, ch 249, § 4.</span></p></div></body></html>