Section 64:44:01:06 is based on the finding that extended closing by licensed wholesalers and distributors results in and necessitates increased purchases by retailers beyond their normal needs and an extension of credit in excess of the 30-day period is necessary for the orderly transaction of the business of such retail dealers.

Source: 1 SDR 44, effective December 6, 1974; 13 SDR 129, 13 SDR 134, effective July 1, 1987.

General Authority: SDCL 37-10-26.

Law Implemented: SDCL 37-10-2 , 37-10-3.