Section 35-2-6.4 - Manufacturers and wholesalers not to engage in retail business--Solicitors notto sell to related retailers--Violation as misdemeanor. - South Dakota Statutes

35-2-6.4. Manufacturers and wholesalers not to engage in retail business--Solicitors not to sell to related retailers--Violation as misdemeanor. Except as provided in § 35-5-3.2, no distiller, manufacturer, or wholesaler licensee under this title nor any officer, director, stockholder, agent, or employee thereof or any relative of the licensee, officer, director, stockholder, agent, or employee may be in any way financially interested, either directly or indirectly, or participate in the operation of the business of any retailer licensee other than by reason of sales to the licensee. No solicitor licensee may sell to any retailer licensee in which a relative of the solicitor licensee has any direct or indirect financial interest or participates in the operation of the retail business. A retailer who is a party to any action prohibited by this section is guilty of a Class 2 misdemeanor.

Source: SDC 1939, §§ 5.0118, 5.0242 (1) as enacted by SL 1947, ch 22; SL 1949, ch 16; SDCL, §§ 35-4-53, 35-8-11; SL 1971, ch 211, § 27; SL 1985, ch 290; SL 1991, ch 298, § 2; SL 1992, ch 158, § 56.