10-50B-19 . State directory--Manufacturers--Surety bond--Amount.
Before being listed in the state directory of manufacturers and brands permitted to be sold, any tobacco product manufacturer required to place a deposit into a qualified escrow fund pursuant to subdivision 10-50B-7 (2) shall provide a surety bond to the attorney general at least ten days before the beginning of each calendar quarter. The amount of the bond shall be the greater of:
(1) The largest required deposit into a qualified escrow fund by the tobacco product manufacturer or the tobacco product manufacturer's predecessor for any of the twelve preceding calendar quarters; or
(2) Twenty-five thousand dollars.
Source: SL 2020, ch 36, ยง 2.
Structure South Dakota Codified Laws
Chapter 50B - Escrow Fund For Tobacco Litigation
Section 10-50B-1 - Legislative findings.
Section 10-50B-2 - Legislative intent.
Section 10-50B-3 - Definitions.
Section 10-50B-4 - Cigarette defined.
Section 10-50B-5 - Tobacco product manufacturer defined.
Section 10-50B-6 - Units sold defined.
Section 10-50B-10 - Each failure to make deposit a separate violation.
Section 10-50B-11.1 - Code provisions governing investment in education enhancement trust fund.
Section 10-50B-13 - Revocation of license--Hearing--Reinstatement.
Section 10-50B-16 - Amendment of escrow agreement to execute assignment--Requirements--Delivery.
Section 10-50B-17 - Manufacturer not relieved of obligations by assignment.
Section 10-50B-19 - State directory--Manufacturers--Surety bond--Amount.