Form of public grain warehouse licensee's bond.
Effective Sep 9, 200835 SDR 48Source: 12 SDR 85, retroactively effective July 1, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 13 SDR 40, effective October 14, 1986; 24 SDR 190, effective July 15, 1998; 35 SDR 48, effective September 9, 2008. | General Authority: SDCL 49-43-4.1(2). | Law Implemented: SDCL 49-43-4.2 , 49-43-4.3 , 49-43-5.3.
The Public Utilities Commission shall furnish the public grain warehouse licensee's bond form required by SDCL 49-43-4.3 and the bond form shall contain the following:
- (1) Name and address of the principal;
- (2) Name and address of the surety;
- (3) Purpose of the bond;
- (4) Location of the warehouse(s);
- (5) Starting and ending date of the license for which the bond is given;
- (6) Amount of the bond;
- (7) Bond obligation;
- (8) Signatures of the principal and the surety;
- (9) Acknowledgements;
- (10) Statutory authority for the bond; and
- (11) If the bond is for both a grain warehouseman's and a grain buyer's license, a recitation that the bond amounts are separate and not in the aggregate for both bonds.
Source: 12 SDR 85, retroactively effective July 1, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 13 SDR 40, effective October 14, 1986; 24 SDR 190, effective July 15, 1998; 35 SDR 48, effective September 9, 2008.
General Authority: SDCL 49-43-4.1(2).
Law Implemented: SDCL 49-43-4.2 , 49-43-4.3 , 49-43-5.3.