36-11A-1.4. Transaction statement defined.As used in this chapter, the term, transaction statement, means a statement, in paper or electronic form, that the entity transferring ownership in a transaction:(1)Is authorized under federal law;(2)Received the product from a person who is authorized as required under federal law;(3)Received the transaction information and transaction statement from the prior owner of the product, as required by federal law;(4)Did not knowingly ship a suspect or illegitimate product;(5)Had systems and processes in place to comply with verification requirements outlined in federal law;(6)Did not knowingly provide false transaction information; and(7)Did not knowingly alter the transaction history. Source: SL 2017, ch 174, §5.
South Dakota Legal Code