Section 35-2-9 - Sale of stock in trade on termination of license--Report to secretary. - South-dakota Statutes

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Statutes > South-dakota > Title-35 > Chapter-02 > Statute-35-2-9

35-2-9. Sale of stock in trade on termination of license--Report to secretary. Any licensee authorized to deal in alcoholic beverages, upon termination of the license, may at any time within thirty days after the termination of the license sell the whole or any part of the alcoholic beverages included in the licensee's stock in trade at the time of the termination to any wholesaler licensed under this title to deal in the alcoholic beverages so purchased by the wholesaler. The wholesaler shall make a complete report of the purchase to the secretary.

Source: SDC 1939, § 5.0106; SL 2008, ch 37, § 147; SL 2010, ch 180, § 13.

State Codes and Statutes

Statutes > South-dakota > Title-35 > Chapter-02 > Statute-35-2-9

35-2-9. Sale of stock in trade on termination of license--Report to secretary. Any licensee authorized to deal in alcoholic beverages, upon termination of the license, may at any time within thirty days after the termination of the license sell the whole or any part of the alcoholic beverages included in the licensee's stock in trade at the time of the termination to any wholesaler licensed under this title to deal in the alcoholic beverages so purchased by the wholesaler. The wholesaler shall make a complete report of the purchase to the secretary.

Source: SDC 1939, § 5.0106; SL 2008, ch 37, § 147; SL 2010, ch 180, § 13.

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State Codes and Statutes

Statutes > South-dakota > Title-35 > Chapter-02 > Statute-35-2-9

35-2-9. Sale of stock in trade on termination of license--Report to secretary. Any licensee authorized to deal in alcoholic beverages, upon termination of the license, may at any time within thirty days after the termination of the license sell the whole or any part of the alcoholic beverages included in the licensee's stock in trade at the time of the termination to any wholesaler licensed under this title to deal in the alcoholic beverages so purchased by the wholesaler. The wholesaler shall make a complete report of the purchase to the secretary.

Source: SDC 1939, § 5.0106; SL 2008, ch 37, § 147; SL 2010, ch 180, § 13.