§ 10-50B-1 Legislative findings
§ 10-50B-2 Legislative intent
§ 10-50B-3 Definitions
§ 10-50B-4 Cigarette defined
§ 10-50B-5 Tobacco product manufacturer defined
§ 10-50B-6 Units sold defined
§ 10-50B-7 Requirements for tobacco product manufacturers selling cigarettes in state–Quarterly installment deposits
§ 10-50B-8 Tobacco product manufacturers to receive appreciation on funds–Funds released from escrow for specified purposes
§ 10-50B-9 Certification of compliance by tobacco product manufacturer–Civil action for non-compliance–Penalties
§ 10-50B-10 Each failure to make deposit a separate violation
§ 10-50B-11 Master Settlement Agreement monies to be deposited in education enhancement trust fund
§ 10-50B-11.1 Code provisions governing investment in education enhancement trust fund
§ 10-50B-13 Revocation of license–Hearing–Reinstatement
§ 10-50B-14 Repeal of SL 2010, ch 68 upon holding of unconstitutionality–Effect
§ 10-50B-15 Assignment to state of manufacturer’s interest in money in qualified escrow fund
§ 10-50B-16 Amendment of escrow agreement to execute assignment–Requirements–Delivery
§ 10-50B-17 Manufacturer not relieved of obligations by assignment
§ 10-50B-18 Cigarette importers–Tobacco product manufacturer–Joint and several liability–Escrow fund
§ 10-50B-19 State directory–Manufacturers–Surety bond–Amount
§ 10-50B-20 Disclosure of information–Purposes

Terms Used In South Dakota Codified Laws > Title 10 > Chapter 50B - Escrow Fund for Tobacco Litigation

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.