Section 38-14-5 - Agreements for future purchases to be in writing--Contents--Distribution of copies. - South Dakota Statutes

38-14-5. Agreements for future purchases to be in writing--Contents--Distribution of copies. When any grain or flaxseed is purchased by a public warehouse or miller engaged in the purchase of grain and flaxseed for delivery after the purchase agreement is made, the terms of such agreement shall be reduced to writing in duplicate, showing the date, place, kind, grade, and quality, number of bushels, price agreed upon, period allowed for delivery, and the signatures of the seller and buyer or their agents. One copy shall be retained by the seller and the other by the buyer as a permanent record in his office.

Source: SL 1937, ch 203, § 2; SDC 1939, § 4.1702.