South Dakota Special Fuel Bulk Purchasers or Distributors are required under the Code of Laws of South Dakota section 10-47B-74 to file a South Dakota Special Fuel Bulk Purchaser or Distributor Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The South Dakota Special Fuel Bulk Purchaser or Distributor Bond holds you accountable for your business decisions.
By possessing a South Dakota Special Fuel Bulk Purchaser or Distributor Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.