Section 37-19-4 - Surety bond required of licensee. - South-dakota Statutes

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Statutes > South-dakota > Title-37 > Chapter-19 > Statute-37-19-4

37-19-4. Surety bond required of licensee. The Department of Revenue and Regulation may in its discretion require, either at the time that a license is obtained or at any time when the license is in effect, the filing of an acceptable surety bond, not to exceed twenty thousand dollars conditioned upon the redemption of outstanding trading stamps or the reimbursement of the holders thereof.

Source: SL 1965, ch 268, § 5; SL 2003, ch 272 (Ex. Ord. 03-1), §§ 20, 121.

State Codes and Statutes

Statutes > South-dakota > Title-37 > Chapter-19 > Statute-37-19-4

37-19-4. Surety bond required of licensee. The Department of Revenue and Regulation may in its discretion require, either at the time that a license is obtained or at any time when the license is in effect, the filing of an acceptable surety bond, not to exceed twenty thousand dollars conditioned upon the redemption of outstanding trading stamps or the reimbursement of the holders thereof.

Source: SL 1965, ch 268, § 5; SL 2003, ch 272 (Ex. Ord. 03-1), §§ 20, 121.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-37 > Chapter-19 > Statute-37-19-4

37-19-4. Surety bond required of licensee. The Department of Revenue and Regulation may in its discretion require, either at the time that a license is obtained or at any time when the license is in effect, the filing of an acceptable surety bond, not to exceed twenty thousand dollars conditioned upon the redemption of outstanding trading stamps or the reimbursement of the holders thereof.

Source: SL 1965, ch 268, § 5; SL 2003, ch 272 (Ex. Ord. 03-1), §§ 20, 121.