S.D. Codified Laws § 35-2-6.4

Current through the 2024 Legislative Session

Section 35-2-6.4 - Manufacturers and wholesalers prohibited from engaging in retail business-Violation as misdemeanor

No manufacturer or wholesaler licensee under this title nor any officer, director, stockholder, agent, or employee thereof or any relative of the licensee, officer, director, stockholder, agent, or employee may be in any way financially interested, either directly or indirectly, or participate in the operation of the business of any retailer licensee other than by reason of sales to the licensee. A retailer who is a party to any action prohibited by this section is guilty of a Class 2 misdemeanor.

SDCL 35-2-6.4

SDC 1939, §§ 5.0118, 5.0242 (1) as enacted by SL 1947, ch 22; SL 1949, ch 16; SDCL §§ 35-4-53, 35-8-11; SL 1971, ch 211, § 27; SL 1985, ch 290; SL 1991, ch 298, § 2; SL 1992, ch 158, § 56; SL 2018, ch 213, §24; SL 2019, ch 162, §1.

Amended by S.L. 2019, ch. 162,s. 1, eff. 7/1/2019.

Amended by S.L. 2018, ch. 213,s. 24, eff. 7/1/2018.