37-26-3. Bond required of buying club--Amount.
Every buying club shall maintain a cash bond or a bond issued by a surety company licensed to do business in this state in the penal sum of one hundred thousand dollars.
Source: SL 1975, ch 246, ยง6.
Structure South Dakota Codified Laws
Section 37-26-1 - Definition of terms.
Section 37-26-2 - Fraudulent offer or sale of membership as felony.
Section 37-26-3 - Bond required of buying club--Amount.
Section 37-26-4 - Loss covered by bond--Filing and approval of bond--Action on bond.
Section 37-26-5 - Liability of surety limited to amount of bond.
Section 37-26-7 - Violation of chapter as felony.
Section 37-26-8 - Punishment under other criminal laws not prevented by chapter.
Section 37-26-9 - Consumer protection avoidance period provisions applied.
Section 37-26-10 - Civil action for damages from violation of chapter--Equitable relief.