49-43-54. Contract with independent provider to maintain electronic warehouse receipts.
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/sd/title-49/chapter-49-43/49-43-54·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A warehouse operator may contract with an independent provider to maintain electronic warehouse receipts for grain. A warehouse operator shall issue electronic warehouse receipts through only one independent provider. Prior to engaging in the issuance of electronic warehouse receipts, a warehouse operator shall enter into a user agreement with an independent provider approved by the commission. All electronic warehouse receipts issued by the warehouse operator shall be filed in the independent provider's electronic central filing system.