<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 49-45-16 - Grounds for suspension of grain buyer's license--Hearing--Revocation. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2071139Normal { 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.s2071139SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071139CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2071139Normal-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.s2071139DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2071139Normal-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; } p.s2071139Normal-000002 { text-indent: 0.25in; 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.s2071139000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2071139SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071139SCL-000004 { 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="s2071139Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-45-16"><span class="s2071139SENU">49-45-16</span></a><span xml:space="preserve" class="s2071139SENU">. </span><span class="s2071139CL">Grounds for suspension of grain buyer's license--Hearing--Revocation.</span></p><p dir="ltr" class="s2071139Normal-000000"><span class="s2071139DefaultParagraphFont">The commission may immediately suspend the license of a grain buyer and the grain buyer shall surrender the license to the commission if:</span></p><p dir="ltr" class="s2071139Normal-000001"><span class="s2071139DefaultParagraphFont">(1)    The grain buyer refuses, neglects, or is unable, upon proper demand, to redeem any scale ticket issued by the grain buyer, through redelivery or cash payment;</span></p><p dir="ltr" class="s2071139Normal-000001"><span class="s2071139DefaultParagraphFont">(2)    The grain buyer refuses, neglects, or is unable to provide a bond in an amount required by the commission;</span></p><p dir="ltr" class="s2071139Normal-000001"><span class="s2071139DefaultParagraphFont">(3)    The commission has knowledge of any act of insolvency, including the filing of a petition in bankruptcy naming the grain buyer as debtor; or</span></p><p dir="ltr" class="s2071139Normal-000001"><span class="s2071139DefaultParagraphFont">(4)    The grain buyer refuses to submit to an inspection or cooperate with the lawful requests of a commission inspector, including requests for access to and copies of the books and records of the grain buyer.</span></p><p dir="ltr" class="s2071139Normal-000002"><span xml:space="preserve" class="s2071139DefaultParagraphFont">Within fifteen days the grain buyer may request a hearing pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2071139DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2071139DefaultParagraphFont"> to determine if the license should be revoked. If no request is made within fifteen days, the commission shall revoke the license.</span></p><p dir="ltr" class="s2071139Normal"><span xml:space="preserve" class="s2071139000003"> </span></p><p dir="ltr" class="s2071139Normal"><span class="s2071139SCL">Source:</span><span xml:space="preserve" class="s2071139SCL-000004"> SL 1989, ch 404, § 5; SL 2008, ch 251, § 15; SL 2011, ch 211, § 10; SL 2013, ch 238, § 16, eff. Apr. 1, 2013.</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 49-45-16 - Grounds for suspension of grain buyer's license--Hearing--Revocation. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2071140Normal { 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.s2071140SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071140CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2071140Normal-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.s2071140DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2071140000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2071140SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2071140SCL-000002 { 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="s2071140Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-45-16.1"><span class="s2071140SENU">49-45-16.1</span></a><span xml:space="preserve" class="s2071140SENU">. </span><span class="s2071140CL">Receiver--Powers and duties.</span></p><p dir="ltr" class="s2071140Normal-000000"><span class="s2071140DefaultParagraphFont">If the commission determines that it is necessary, the commission may apply to the circuit court in the county in which the grain buyer operates or operated for that court to appoint a receiver. The receiver shall have such powers and duties as the court may direct.</span></p><p dir="ltr" class="s2071140Normal"><span xml:space="preserve" class="s2071140000001"> </span></p><p dir="ltr" class="s2071140Normal"><span class="s2071140SCL">Source:</span><span xml:space="preserve" class="s2071140SCL-000002"> SL 2011, ch 211, § 11.</span></p></div></body></html>