38-34-15. Satisfaction of assessment liability if crops remain in storage for duration of pledge or mortgage--Exception.
If pulse crops described in §38-34-14 remain in farm storage for the duration of the pledge or mortgage, the assessment paid at the time the loan was made completely satisfies the assessment liability unless upon subsequent actual delivery of the pulse crop from farm storage in satisfaction of the pledge, or mortgage in the amount of one dollar or more, any underpayment is due solely to the necessity of estimating the quantity of the pulse crops placed in farm storage.
Source: SL 2005, ch 214, §15.
Structure South Dakota Codified Laws
Title 38 - Agriculture and Horticulture
Section 38-34-1 - Definitions.
Section 38-34-2 - South Dakota Pulse Crops Council--Initial appointment of members.
Section 38-34-3 - Terms of members--Subsequent election of council members--Qualification--Vacancy.
Section 38-34-4 - Election of officers--Quorum--Meetings.
Section 38-34-5 - Compensation of members.
Section 38-34-6 - Pulse crops fund--Collection and expenditure of funds.
Section 38-34-7 - Powers and duties of council.
Section 38-34-8 - Promulgation of rules.
Section 38-34-10 - Assessment on pulse crop--Rate--Reciprocal agreements.
Section 38-34-11 - Collection and remission of assessment.
Section 38-34-12 - First purchaser of pulse crops--Information required on application or affidavit.
Section 38-34-13 - Record of purchases of pulse crops--Quantity--Rules on report and assessment.
Section 38-34-17 - Enforcement of collection.
Section 38-34-18 - Refund of assessment--Application--Time for refund.
Section 38-34-20 - Referendum on raising or reducing assessment.