Any person, firm, company, association, or corporation selling gasoline, kerosene or liquefied petroleum gases in more than one section, community, or municipality, may lower prices in any given section, community, or municipality, to but not below the prices for which others are selling such commodities in such section, community, or municipality, when necessary to meet actual legitimate competition in such section, community, or municipality, without being held to have violated the provisions of this chapter.

Terms Used In South Dakota Codified Laws 37-2-2

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2

Source: SDC 1939, § 54.0901; SL 1957, ch 275.

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