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§ 40-33-1 Definition of terms.

SD Codified L § 40-33-1 (2019) (N/A)
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40-33-1. Definition of terms. Terms used in this chapter mean:

(1) "Due date," seven days from the date of delivery of produce by the seller to the dealer at wholesale in the case of a sale, and in all cases where produce is consigned, seven days from the date the sale is made by the broker or handler to the dealer at wholesale;

(2) "Person," an individual, firm, corporation, limited liability company, copartnership, or association;

(3) "Produce," includes eggs, poultry, poultry products, or dairy products;

(4) "Voluntary extension of credit," a written agreement between the seller and the dealer at wholesale wherein the time of payment for the purchase price of produce is extended beyond the due date.Source: SL 1955, ch 5, § 1; SDC Supp 1960, § 4.2401; SL 1963, ch 9, § 1; SL 1994, ch 351, § 99.

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§ 40-33-2 Business constituting dealing at wholesale.