A retailer who has not remitted payment within the 30-day payment period is delinquent. Payment remitted in the mail must be received by the wholesaler within the payment period or postmarked within the 30-day payment period to be considered timely. Any insufficient funds check received as payment for a retail account is considered delinquent. Any form of payment otherwise unsuccessful or dishonored is considered delinquent.

Source: SL 1975, ch 16, § 1; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 31 SDR 214, effective July 6, 2005; 46 SDR 11, effective July 30, 2019.

General Authority: SDCL 35-10-1(6).

Law Implemented: SDCL 35-4-52.

Prior versions effective: 2005-07-06.