49-45-9.1. Filing of financial documents in lieu of bond.
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/sd/title-49/chapter-49-45/49-45-9-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the commission determines, because a corporate surety company becomes insolvent or ceases to write grain buyer bonds in this state, that a bond in the sum required by § 49-45-9 cannot be executed, or if a grain buyer is in the process of chapter 11 reorganization and a bond cannot be obtained, the commission may authorize the filing of other financial documents in lieu of a corporate surety bond.