S.D. Admin. R. 64:75:02:05
No alcoholic beverage license may be granted to any corporation unless the application contains, in addition to the requirements of SDCL 35-2-2.1 and any other information required by the secretary, an agreement containing the following language:
"This application and any license issued thereon constitutes a contract between the undersigned corporation and the state of South Dakota. The undersigned corporation shall comply with all provisions whatsoever of §§ 64:75:02:01 to 64:75:02:05, inclusive, of the rules of the secretary of the Department of Revenue e. The undersigned expressly agrees that violations of any of the provisions of chapter 64:75:02, or failure to comply therewith, whether by the undersigned corporation or by any stockholder thereof, or by anybody interested in said corporation, constitutes cause for revocation or suspension of any license issued pursuant to this application or for refusal to renew such license upon expiration thereof."
S.D. Admin. R. 64:75:02:05
General Authority: SDCL 35-10-1(7). 35-2-10.
Law Implemented: SDCL 10-1-14, 35-2-1, 35-2-10.