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§ 38-34-15 Satisfaction of assessment liability if crops remain in storage for duration of pledge or mortgage--Exception.

SD Codified L § 38-34-15 (2019) (N/A)
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38-34-15. Satisfaction of assessment liability if crops remain in storage for duration of pledge or mortgage--Exception. If pulse crops described in § 38-34-14 remain in farm storage for the duration of the pledge or mortgage, the assessment paid at the time the loan was made completely satisfies the assessment liability unless upon subsequent actual delivery of the pulse crop from farm storage in satisfaction of the pledge, or mortgage in the amount of one dollar or more, any underpayment is due solely to the necessity of estimating the quantity of the pulse crops placed in farm storage.

Source: SL 2005, ch 214, § 15.

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§ 38-34-14 Pledge or mortgage of pulse crops as security for loan under federal price support program--Procedures for payment of assessment.
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§ 38-34-16 Undercollections or overcollections of one dollar or less--Commodity Credit Corporation not required to collect or refund.