South Dakota Administrative Rules — Title 64 (Revenue)

ARSD § 64:75:04:06 — Granting financial assistance to licensees

64:75:04:06. Granting
financial assistance to licensees. Any extension or acceptance of credit in
violation of this chapter is regarded as giving and receiving financial
assistance, and the licenses of both the wholesaler and retailer involved in
the violation may be suspended or revoked, as determined by the secretary. It is a violation
of this section for
any wholesaler to accept a postdated check,
note, or memorand um, or t o participate in
any scheme, trick, or device to assist any retail dealer.

Last amended: Source: SL 1975, ch 16, § 1; 2 SDR 2, effective July 17, 1975; 4 SDR 35, effective December 22, 1977; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 21 SDR 219, effective July 1, 1995; 31 SDR 214, effective July 6, 2005; 45 SDR 83, effective December 18, 2018. General Authority: SDCL 35-10-1(6). Law Implemented: SDCL 35-2-10 , 35-4-52 , 35-10-1(6).

Source: official text