S.D. Admin. R. 20:10:11:04

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:10:11:04 - Form of public grain warehouse licensee's bond

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.

S.D. Admin. R. 20:10:11:04

12 SDR 85, retroactively effective 7/1/1985; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 13 SDR 40, effective 10/14/1986; 24 SDR 190, effective 7/15/1998; 35 SDR 48, effective 9/9/2008.

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

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