<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 49-45-7.1 - Classes of grain buyer's license.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s94ed858395da499ea82d3333cb2af62cNormal { 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.s94ed858395da499ea82d3333cb2af62cSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s94ed858395da499ea82d3333cb2af62cCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s94ed858395da499ea82d3333cb2af62cStatute { 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.s94ed858395da499ea82d3333cb2af62cDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s94ed858395da499ea82d3333cb2af62c000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s94ed858395da499ea82d3333cb2af62cNoIndent { 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.s94ed858395da499ea82d3333cb2af62cDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s94ed858395da499ea82d3333cb2af62cSCL { 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 49-45-7.1 - Classes of grain buyer's license."><meta property="og:description" content="SDLRC Codified Law 49-45-7.1 - Classes of grain buyer's license."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/49-45-7.1"><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="s94ed858395da499ea82d3333cb2af62cNormal"><a href="https://sdlegislature.gov/Statutes?Statute=49-45-7.1" rel="noopener"><span class="s94ed858395da499ea82d3333cb2af62cSENU">49-45-7.1</span></a><span xml:space="preserve" class="s94ed858395da499ea82d3333cb2af62cSENU">. </span><span class="s94ed858395da499ea82d3333cb2af62cCL">Classes of grain buyer's license.</span></p><p dir="ltr" class="s94ed858395da499ea82d3333cb2af62cStatute"><span class="s94ed858395da499ea82d3333cb2af62cDefaultParagraphFont">An applicant may apply for a Class A grain buyer's license or a Class B grain buyer's license. No grain buyer with a Class B grain buyer's license may purchase grain in excess of five million dollars for the annual licensed year or enter into voluntary credit sale contracts. The commission shall require an applicant for a Class A grain buyer's license to submit a more detailed review of its financial condition than an applicant for a Class B grain buyer's license.</span></p><p dir="ltr" class="s94ed858395da499ea82d3333cb2af62cNormal"><span xml:space="preserve" class="s94ed858395da499ea82d3333cb2af62c000000"> </span></p><p dir="ltr" class="s94ed858395da499ea82d3333cb2af62cNoIndent"><span xml:space="preserve" class="s94ed858395da499ea82d3333cb2af62cDefaultParagraphFont-000001">Source: </span><span class="s94ed858395da499ea82d3333cb2af62cSCL">SL 2008, ch 251, § 6; SL 2018, ch 268, § 1; SL 2024, ch 192, § 2.</span></p></div></body></html>