2014 South Dakota Codified Laws
Title 49 - PUBLIC UTILITIES AND CARRIERS
Chapter 45 - Grain Buyers
§ 49-45-28 Parent company furnishing financial statements responsible for financialobligations of licensed entity.
49-45-28. Parent company furnishing financial statements responsible for financial obligations of licensed entity. If an applicant for a grain buyer license that is a wholly owned subsidiary of a parent company submits the financial statements of the parent company, the parent company furnishing the financial statements is responsible for all the financial obligations incurred by the licensed entity related to the purchase and storage of grain, including any voluntary credit sale contract.
Source: SL 2013, ch 238, § 20, eff. Apr. 1, 2013.
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