There is a newer version
of
this Section
2021 South Dakota Codified Laws
Title 38 - Agriculture and Horticulture
Chapter 10 - Wheat Development And Promotion
Section 38-10-31 - Fee paid at time of federal loan as complete satisfaction.
Universal Citation: SD Codified L § 38-10-31 (2021)
38-10-31. Fee paid at time of federal loan as complete satisfaction.
If such wheat, described in §38-10-28, remains in farm storage for the duration of such pledge or mortgage, the promotional fee so paid at the time the loan was made shall be deemed a complete satisfaction of the promotional fee liability unless upon subsequent actual delivery of such wheat from farm storage in satisfaction of the pledge, or mortgage in the amount of one dollar or more, such underpayment being due solely for the necessity of estimating the quantity of wheat so placed in farm storage.
Source: SL 1961, ch 11, §12 (4).
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
