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Section 49-45-29 - Grain broker--Prohibited activities--Penalty--Civil fine — South Dakota Law | CourtGPT
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South Dakota Legal Code

Section 49-45-29 - Grain broker--Prohibited activities--Penalty--Civil fine

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49-45-29. Grain broker--Prohibited activities--Penalty--Civil fine.It is a Class 5 felony for a grain broker to:(1)Negotiate or attempt to negotiate a grain transaction with a grain buyer, who is not licensed in accordance with this chapter; or(2)Take title or attempt to take title to grain that is subject to a transaction being negotiated by the grain broker.The commission may assess a civil fine against a grain broker in the amount of five thousand dollars for each violation of this section, up to a maximum fine of fifty-thousand dollars, annually. Source: SL 2022, ch 175, §3.