An Act to reduce the period for filing claims upon the revocation of a grain buyer license.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That § 49-45-19 be AMENDED:

49-45-19. Upon the revocation, termination, or cancellation of a grain buyer license, any claim against the grain buyer arising under this chapter shall must be made in writing and filed with the commission, within six monthsninety days after receiving notice of the revocation, termination, or cancellation.

Upon the revocation of a grain buyer license, the commission shall publish notice of the revocation once:

(1) Once each week for two consecutive weeks, publish notice of the revocation in a:

(a) A newspaper of general circulation in each county in which the licensee grain buyer maintains a business location; andin a

(b) A newspaper of general circulation within the state.

The commission shall also send notice of the revocation by certified mail; and

(2) Send, by certified mail, to each scale ticket holder named in the an audit prepared pursuant to § 49-45-18. The, a notice shall state the of revocation that includes:

(a) The name and address of the grain buyer, the;

(b) The effective date of the revocation, and the;

(c) The name and address of the surety on the grain buyer bond. The notice shall also state; and

(d) A statement that any claims against the grain buyer shall must be made in writing and sent by ordinary mail to the commission, within six months ninety days after receiving notice of the revocation.