<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 49-43-5.8 - Possession of warehouse by commission--Notification of surety. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2071048Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2071048SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071048CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2071048Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2071048DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2071048Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2071048000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2071048SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071048SCL-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="s2071048Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-43-5.8"><span class="s2071048SENU">49-43-5.8</span></a><span xml:space="preserve" class="s2071048SENU">. </span><span class="s2071048CL">Possession of warehouse by commission--Notification of surety.</span></p><p dir="ltr" class="s2071048Normal-000000"><span xml:space="preserve" class="s2071048DefaultParagraphFont">If the commission becomes aware of any act by any warehouse operator as described in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-43-5.6"><span class="s2071048DefaultParagraphFont">49-43-5.6</span></a><span class="s2071048DefaultParagraphFont">, the commission may:</span></p><p dir="ltr" class="s2071048Normal-000001"><span class="s2071048DefaultParagraphFont">(1)    Take immediate possession of the warehouse facility, and undertake an immediate audit and verify the names and addresses of all outstanding warehouse receipt holders and scale ticket holders as revealed by the audit, and audit and certify the quantity and class or classes of grain therein;</span></p><p dir="ltr" class="s2071048Normal-000001"><span class="s2071048DefaultParagraphFont">(2)    Immediately notify the surety named in both the warehouse's and grain buyer's bonds, if any, held by the warehouse.</span></p><p dir="ltr" class="s2071048Normal"><span xml:space="preserve" class="s2071048000002"> </span></p><p dir="ltr" class="s2071048Normal"><span class="s2071048SCL">Source:</span><span xml:space="preserve" class="s2071048SCL-000003"> SL 1987, ch 355, § 4a; SL 2008, ch 249, § 14.</span></p></div></body></html>