<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 49-45-29 - Grain broker--Prohibited activities--Penalty--Civil fine.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2457ce99ecec40c49f61bc4f84de4d7bNormal { 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.s2457ce99ecec40c49f61bc4f84de4d7bSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2457ce99ecec40c49f61bc4f84de4d7bCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2457ce99ecec40c49f61bc4f84de4d7bStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; 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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.s2457ce99ecec40c49f61bc4f84de4d7bDefaultParagraphFont-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2457ce99ecec40c49f61bc4f84de4d7bSCL { 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 - Grain broker--Prohibited activities--Penalty--Civil fine."><meta property="og:description" content="SDLRC Codified Law - Grain broker--Prohibited activities--Penalty--Civil fine."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><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="s2457ce99ecec40c49f61bc4f84de4d7bNormal"><a href="https://sdlegislature.gov/Statutes?Statute=49-45-29" rel="noopener"><span class="s2457ce99ecec40c49f61bc4f84de4d7bSENU">49-45-29</span></a><span xml:space="preserve" class="s2457ce99ecec40c49f61bc4f84de4d7bSENU">. </span><span class="s2457ce99ecec40c49f61bc4f84de4d7bCL">Grain broker--Prohibited activities--Penalty--Civil fine.</span></p><p dir="ltr" class="s2457ce99ecec40c49f61bc4f84de4d7bStatute"><span class="s2457ce99ecec40c49f61bc4f84de4d7bDefaultParagraphFont">It is a Class 5 felony for a grain broker to:</span></p><p dir="ltr" class="s2457ce99ecec40c49f61bc4f84de4d7bStatuteNumber1"><span class="s2457ce99ecec40c49f61bc4f84de4d7bDefaultParagraphFont">(1)    Negotiate or attempt to negotiate a grain transaction with a grain buyer, who is not licensed in accordance with this chapter; or</span></p><p dir="ltr" class="s2457ce99ecec40c49f61bc4f84de4d7bStatute-000000"><span class="s2457ce99ecec40c49f61bc4f84de4d7bDefaultParagraphFont">(2)    Take title or attempt to take title to grain that is subject to a transaction being negotiated by the grain broker.</span></p><p dir="ltr" class="s2457ce99ecec40c49f61bc4f84de4d7bStatute-000000"><span xml:space="preserve" class="s2457ce99ecec40c49f61bc4f84de4d7bDefaultParagraphFont">    The commission may assess a civil fine against a grain broker in the amount of five thousand dollars for each violation of this section, up to a maximum fine of fifty-thousand dollars, annually.</span></p><p dir="ltr" class="s2457ce99ecec40c49f61bc4f84de4d7bNormal"><span xml:space="preserve" class="s2457ce99ecec40c49f61bc4f84de4d7b000001"> </span></p><p dir="ltr" class="s2457ce99ecec40c49f61bc4f84de4d7bNoIndent"><span xml:space="preserve" class="s2457ce99ecec40c49f61bc4f84de4d7bDefaultParagraphFont-000002">Source: </span><span class="s2457ce99ecec40c49f61bc4f84de4d7bSCL">SL 2022, ch 175, § 3.</span></p></div></body></html>