S.D. Codified Laws § 49-45-29

Current through the 2024 Legislative Session

Section 49-45-29 - Grain broker-Prohibited activities-Penalty-Civil fine

It is a Class 5 felony for a grain broker to:

(1) Negotiate or attempt to negotiate a grain transaction with a grain buyer, who is not licensed in accordance with this chapter; or

(2) Take title or attempt to take title to grain that is subject to a transaction being negotiated by the grain broker.

The commission may assess a civil fine against a grain broker in the amount of five thousand dollars for each violation of this section, up to a maximum fine of fifty-thousand dollars, annually.

SDCL 49-45-29

SL 2022, ch 175, §3.

Added by S.L. 2022, ch. 175,s. 3, eff. 7/1/2022.