Section 49-43-5.8 - Possession of warehouse by commission--Notification of surety. - South Dakota Statutes

49-43-5.8. Possession of warehouse by commission--Notification of surety. If the commission becomes aware of any act by any warehouse operator as described in § 49-43-5.6, the commission may:
(1) Take immediate possession of the warehouse facility, and undertake an immediate audit and verify the names and addresses of all outstanding warehouse receipt holders and scale ticket holders as revealed by the audit, and audit and certify the quantity and class or classes of grain therein;
(2) Immediately notify the surety named in both the warehouse's and grain buyer's bonds, if any, held by the warehouse.

Source: SL 1987, ch 355, § 4a; SL 2008, ch 249, § 14.