49-45-11.   Voluntary credit sales. All voluntary credit sales of grain entered into by a grain buyer shall be in writing. The commission may, by rules promulgated pursuant to chapter 1-26, prescribe the form and content of such writings. If a grain buyer's license is terminated or not renewed, the grain buyer shall pay for grain subject to a voluntary credit sale within ten days after the license expiration date.

Source: SL 1985, ch 376, § 76; SL 2008, ch 251, § 11.

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