No manufacturer or wholesaler licensee under this title nor any officer, director, stockholder, agent, or employee thereof or any relative of the licensee, officer, director, stockholder, agent, or employee may be in any way financially interested, either directly or indirectly, or participate in the operation of the business of any retailer licensee other than by reason of sales to the licensee. A retailer who is a party to any action prohibited by this section is guilty of a Class 2 misdemeanor.
S.D. Codified Laws § 35-2-6.4
Manufacturers and wholesalers prohibited from engaging in retail business--Violation as misdemeanor
Applied in 1 court decision — leading case Hanig v. City of Winner (2005)
Most recently applied in Hanig v. City of Winner (January 2005)
Source: SDC 1939, §§ 5.0118, 5.0242 (1) as enacted by SL 1947, ch 22; SL 1949, ch 16; SDCL §§ 35-4-53, 35-8-11; SL 1971, ch 211, § 27; SL 1985, ch 290; SL 1991, ch 298, § 2; SL …
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.