Section 40-20-10.1 - Proceeds of sale held in trust pending authorization. - South Dakota Statutes

40-20-10.1. Proceeds of sale held in trust pending authorization. If livestock have been shipped to an open market and no authorization for the transportation of such livestock has been obtained, the proceeds of the sale of such livestock shall be held in trust by the operators of the open market until the board authorizes the release of the proceeds.

Source: SDCL, § 40-20-7 as added by SL 1972, ch 219, § 2; SL 1988, ch 328, § 54.