South Dakota § 40-20-10.1 - Proceeds of sale held in trust pending authorization.
Full text of South Dakota South Dakota Codified Laws § 40-20-10.1 — Proceeds of sale held in trust pending authorization., with citation guidance and answers to common questions.
§ 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.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 40-20-10.1
What does South Dakota Codified Laws § 40-20-10.1 cover?
Section 40-20-10.1 ("Proceeds of sale held in trust pending authorization.") 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 § 40-20-10.1?
A common citation format is "South Dakota Codified Laws § 40-20-10.1" (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 § 40-20-10.1 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.