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SURETY BOND BLOG

Tag Archives: South Dakota

01
May
2012

South Dakota Grain Warehousemen Bond Update

The state of South Dakota has enacted a new surety bond claim procedure for warehouseman bonds. The new law is labeled HB 1036 and modifies the claim procedure for bonds obtained by grain warehousemen. The present legislation requires anyone who intends to file a claim on a grain warehousemen’s bond to inform the Public Utilities read more »




23
Apr
2012

South Dakota License Bond

The state of South Dakota has enacted a new bill which removes a surety bond requirement. The bill is named HB 1016 and removes the bond requirement needed for the commercial use of a state logo. Originally, a surety bond was required in order to commercially use a state logo.




30
Jan
2012

South Dakota Grain Warehouseman Bond Update

South Dakota enacted a new bill concerning grain warehouseman. The new bill is named HB 1016 and declares that claims can only be made against a grain warehouseman or grain buyer’s bond if the individual informs the Public Utilities Commission, which must specify that it’s not taking an action against the surety bond.




07
Dec
2011

South Dakota Treasurer Bond

Treasurers of water use districts are affected by new legislation in South Dakota. The new law is titled SB 119 and modifies the bond amount required of treasurers of water use districts. Previous legislation required a surety bond in an appropriate amount to cover all funds that the treasurer manages. SB 119 allows the district’s read more »




19
May
2010

South Dakota Grain Purchaser Bond

South Dakota State implemented a new law affecting grain buyers within said state. The new law is titled SB 55 and boosts the quantity of the surety bond required in relation to licensure as a grain buyer. Under the present law, there are two license classifications, Class A and Class B. A surety bond is read more »




17
May
2010

South Dakota Grain Buyer Bond

South Dakota grain buyers are affected by a new bill relating to bankruptcy. The new bill, which is referred to as SB 53, authorizes grain buyers in bankruptcy proceedings to file alternative financial documents in the place of the present surety bond if a bond cannot be attained during this period of time. The present read more »