S.D. Admin. R. 20:10:12:05.01 - Form of grain buyer's additional bond

If a licensed grain buyer furnishes an additional bond to add locations or to bring the bond amount into compliance with the requirements of SDCL 49-45-9, or both, the additional bond may be a rider executed by the corporate surety who issued the original bond filed with the commission or an additional bond executed by a second corporate surety.

A rider or additional bond shall be in substantially the same form as required by ยง 20:10:12:05 for original bonds. The rider or additional bond shall state the name and locations of the grain buyer licensee's facilities covered by the bond.


S.D. Admin. R. 20:10:12:05.01
40 SDR 39, effective September 9, 2013.

General Authority: SDCL 49-45-6(1).

Law Implemented: SDCL 49-45-9.

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