Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
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.
Source: 12 SDR 85, retroactively effective July 1, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 13 SDR 40, effective October 14, 1986; 24 SDR 190, effective July 15, 1998; 35 SDR 48, effective September 9, 2008.