South Dakota § 49-45-7.1 - Classes of grain buyer's license.
Full text of South Dakota South Dakota Codified Laws § 49-45-7.1 — Classes of grain buyer's license., with citation guidance and answers to common questions.
§ 49-45-7.1. Classes of grain buyer's license.
An applicant may apply for a Class A grain buyer's license or a Class B grain buyer's license. No grain buyer with a Class B grain buyer's license may purchase grain in excess of five million dollars for the annual licensed year or enter into voluntary credit sale contracts. The commission shall require an applicant for a Class A grain buyer's license to submit a more detailed review of its financial condition than an applicant for a Class B grain buyer's license.
Source: SL 2008, ch 251, § 6; SL 2018, ch 268, § 1; SL 2024, ch 192, § 2.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 49-45-7.1
What does South Dakota Codified Laws § 49-45-7.1 cover?
Section 49-45-7.1 ("Classes of grain buyer's license.") 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 § 49-45-7.1?
A common citation format is "South Dakota Codified Laws § 49-45-7.1" (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 § 49-45-7.1 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.