South Dakota § 10-47B-83 - Reasons for requiring increase in amount of security or bond--Notice--Cancellation of license--Hearing.
Full text of South Dakota South Dakota Codified Laws § 10-47B-83 — Reasons for requiring increase in amount of security or bond--Notice--Cancellation of license--Hearing., with citation guidance and answers to common questions.
§ 10-47B-83. Reasons for requiring increase in amount of security or bond--Notice--Cancellation of license--Hearing.
The secretary may require a licensee to replace or increase the amount of the security or bond, if at any time in the secretary's opinion the tax revenues are not adequately protected under the existing security or bond. Reasons for such action include:
(1) The reduction of a bond or security whether by judgment rendered, payment made, or otherwise;
(2) The secretary's judgment that any surety on a bond becomes unsatisfactory or discontinues conducting business within this state;
(3) The secretary's judgment that because of taxpayer reporting or payment delinquencies, or issuance of checks against insufficient funds or with no account, the state's tax revenues may be jeopardized. Each check issued against insufficient funds or with no account or each delinquency is a separate incident and is subject to additional security in accordance with the schedule in this section. The increase in security shall remain in effect until the taxpayer has filed returns and remitted tax payments on time for twelve consecutive months; or
(4) The cancellation of a bond by a surety or the withdrawal of security by a licensee.
In such cases, the secretary shall notify the licensee in writing of the increased or replacement security requirements. The licensee shall have thirty days from the date of written notification by the secretary to provide evidence of the replacement or supplemental security to the secretary. Failure of the licensee to provide such evidence shall be cause for the secretary to immediately cancel the license and send written notification of the cancellation to the licensee. After the cancellation, the licensee has thirty days in which to submit a written request to the secretary for an administrative hearing to review the cancellation.
Source: SL 1995, ch 71, § 83; SL 1999, ch 58, § 36.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 10-47B-83
What does South Dakota Codified Laws § 10-47B-83 cover?
Section 10-47B-83 ("Reasons for requiring increase in amount of security or bond--Notice--Cancellation of license--Hearing.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 10-47B-83?
A common citation format is "South Dakota Codified Laws § 10-47B-83" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 10-47B-83 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.