The provisions of §§ 37-14-2 to 37-14-5, inclusive, do not extend to the sale at public auction of livestock, farm machinery, or farm produce or any other item commonly sold at a farm sale, to any auction sale held under authority of or under the supervision and direction of any court of this state, or to any person, firm, or corporation who has been engaged in business in the State of South Dakota for a period of at least one year, conducting a closing out or stock reduction sale of the business.
S.D. Codified Laws § 37-14-4
Farm sales, judicial sales and closing out sales exempt
Source: SL 1955, ch 233, § 8; SDC Supp 1960, § 54.0510; SL 1998, ch 242, § 3.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.