South Dakota Codified Laws 10-50-20. Resale of stamps prohibited–Redemption of unused and uncanceled stamps
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No distributor shall sell or transfer any stamps issued under the provisions of this chapter. The secretary of revenue shall redeem any unused, uncanceled stamps presented by any licensed distributor at a price equal to ninety-five percent of their face value.
Terms Used In South Dakota Codified Laws 10-50-20
- sell: shall include or apply to gifts, exchanges, and barter. See South Dakota Codified Laws 10-50-1
Source: SDC 1939, § 57.3907; SL 1970, ch 78, § 6; SL 1974, ch 103, § 1; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1), § 161, eff. Apr. 12, 2011.