S.D. Admin. R. 64:44:01:07

Current through Register Vol. 51, page 67, December 16, 2024
Section 64:44:01:07 - Basis for extending credit period

Section 64:44:01:06 is based on the finding that extended closing by licensed wholesalers and distributors results in and necessitates increased purchases by retailers beyond their normal needs and an extension of credit in excess of the 30-day period is necessary for the orderly transaction of the business of such retail dealers.

S.D. Admin. R. 64:44:01:07

1 SDR 44, effective 12/6/1974; 13 SDR 129, 13 SDR 134, effective 7/1/1987.

General Authority: SDCL 37-10-26.

Law Implemented: SDCL 37-10-2, 37-10-3.