<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 49-45-25 - Grain buyer's financial condition--Notice to commission--Penalty--Civil fine.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s98eb4edfeb094f89b65666627f73e540Normal { 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.s98eb4edfeb094f89b65666627f73e540SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s98eb4edfeb094f89b65666627f73e540CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s98eb4edfeb094f89b65666627f73e540Statute { 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.s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s98eb4edfeb094f89b65666627f73e540000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s98eb4edfeb094f89b65666627f73e540NoIndent { text-indent: 0.00in; 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.s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s98eb4edfeb094f89b65666627f73e540SCL { 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 49-45-25 - Grain buyer's financial condition--Notice to commission--Penalty--Civil fine."><meta property="og:description" content="SDLRC Codified Law 49-45-25 - Grain buyer's financial condition--Notice to commission--Penalty--Civil fine."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=49-45-25"><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="s98eb4edfeb094f89b65666627f73e540Normal"><a href="https://sdlegislature.gov/Statutes?Statute=49-45-25" rel="noopener"><span class="s98eb4edfeb094f89b65666627f73e540SENU">49-45-25</span></a><span xml:space="preserve" class="s98eb4edfeb094f89b65666627f73e540SENU">. </span><span class="s98eb4edfeb094f89b65666627f73e540CL">Grain buyer's financial condition--Notice to commission--Penalty--Civil fine.</span></p><p dir="ltr" class="s98eb4edfeb094f89b65666627f73e540Statute"><span xml:space="preserve" class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont">If during the licensing period a grain buyer becomes aware that the grain buyer is not in compliance with each financial standard, as set forth in the commission's rules, the grain buyer shall immediately notify the commission of the grain buyer's financial condition. When notification occurs, the commission shall immediately conduct an examination to determine if any grounds for suspension pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=49-45-16" rel="noopener"><span class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont">49-45-16</span></a><span xml:space="preserve" class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont"> have occurred.</span></p><p dir="ltr" class="s98eb4edfeb094f89b65666627f73e540Statute"><span xml:space="preserve" class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont">A willful violation of this section that results in a financial loss to a grain supplier is punishable as theft under chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=22-30A" rel="noopener"><span class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont">22-30A</span></a><span class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont">.</span></p><p dir="ltr" class="s98eb4edfeb094f89b65666627f73e540Statute"><span class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont">A willful violation that does not result in a financial loss to a grain supplier is a Class 1 misdemeanor.</span></p><p dir="ltr" class="s98eb4edfeb094f89b65666627f73e540Statute"><span xml:space="preserve" class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont">The commission may assess, against an out-of-compliance grain buyer, a civil fine in an amount not to exceed one thousand dollars for each day the grain buyer has been out of compliance, up to a maximum of twenty thousand dollars per licensing period, as set forth in § </span><a href="https://sdlegislature.gov/Statutes?Statute=49-45-3" rel="noopener"><span class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont">49-45-3</span></a><span class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont">.</span></p><p dir="ltr" class="s98eb4edfeb094f89b65666627f73e540Normal"><span xml:space="preserve" class="s98eb4edfeb094f89b65666627f73e540000000"> </span></p><p dir="ltr" class="s98eb4edfeb094f89b65666627f73e540NoIndent"><span xml:space="preserve" class="s98eb4edfeb094f89b65666627f73e540DefaultParagraphFont-000001">Source: </span><span class="s98eb4edfeb094f89b65666627f73e540SCL">SL 2013, ch 238, § 17, eff. Apr. 1, 2013; SL 2022, ch 174, § 5; SL 2022, ch 177, § 1.</span></p></div></body></html>