South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:10 - PUBLIC UTILITIES COMMISSION
Chapter 20:10:11 - Public grain warehouses
Section 20:10:11:04.02 - Release of bonds

The commission may release an increase rider or additional bond to the warehouse licensee if it determines, after inspection or the submission of an updated grain report as required by § 20:10:11:01, that the original bond is adequate to cover one-half of the local market value of grain in the warehouse licensee's facilities.

An original bond filed with the commission for the license year may not be released unless a new bond is executed to replace the original bond for the entire license year.

General Authority: SDCL 49-43-4.1(3).

Law Implemented: SDCL 49-43-4.1(3), 49-43-4.3, 49-43-5.3.

Claim against warehouseman, SDCL 49-43-5.9.