GroundRules
← Search the law
South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 10-50B-19: State directory--Manufacturers--Surety bond--Amount.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 10. TAXATION
  2. CHAPTER 10-50B. ESCROW FUND FOR TOBACCO LITIGATION

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.

Collected 2026-09-03T15:18:56Z. Source file · JSON

Browse this collection