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 - Form of public grain warehouse licensee's bond

Universal Citation: SD Admin Rules 20:10:11:04

Current through Register Vol. 50, page 114, March 25, 2024

The Public Utilities Commission shall furnish the public grain warehouse licensee's bond form required by SDCL 49-43-4.3 and the bond form shall contain the following:

(1) Name and address of the principal;

(2) Name and address of the surety;

(3) Purpose of the bond;

(4) Location of the warehouse(s);

(5) Starting and ending date of the license for which the bond is given;

(6) Amount of the bond;

(7) Bond obligation;

(8) Signatures of the principal and the surety;

(9) Acknowledgements;

(10) Statutory authority for the bond; and

(11) If the bond is for both a grain warehouseman's and a grain buyer's license, a recitation that the bond amounts are separate and not in the aggregate for both bonds.

General Authority: SDCL 49-43-4.1(2).

Law Implemented: SDCL 49-43-4.2, 49-43-4.3, 49-43-5.3.

Disclaimer: These regulations 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.
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