§ 75-89-5. Commodity sale or purchase permitted only pursuant to Section 75-89-7 or 75-89-9
Except as otherwise provided in Section 75-89-7 or Section 75-89-9, no person shall sell or purchase, or offer to sell or purchase, any commodity under any commodity contract or under any commodity option, or offer to enter into or enter into as seller or purchaser any commodity contract or any commodity option.
§ 75-89-7. Persons authorized to conduct commodity transactions
The prohibitions in Section 75-89-5 shall not apply to any transaction offered by and in which any of the following persons, or any employee, officer or director thereof acting solely in that capacity, is the purchaser or seller: A person registered with the Commodity Futures Trading Commission as a futures commission merchant or as a […]
§ 75-89-9. Exempt transactions; qualified seller defined; requirements; waiver of requirements; authority of administrator to deny, suspend, revoke or place limitations on authority of, or exemption for, qualified seller; summary denial or suspension of exemption for qualified seller; rules, regulations and orders
The prohibitions in Section 75-89-5 shall not apply to the following: An account, agreement or transaction within the exclusive jurisdiction of the Commodity Futures Trading Commission as granted under the Commodity Exchange Act; A commodity contract for the purchase of one or more precious metals which requires, and under which the purchaser receives, within twenty-eight […]
§ 75-89-11. Requirements to engage in trade or business of commodity merchant
No person shall engage in the trade or business of, or otherwise act as, a commodity merchant unless such person: Is registered or temporarily licensed with the Commodity Futures Trading Commission for each activity constituting such person as a commodity merchant and such registration or temporary license shall not have expired, nor been suspended nor […]
§ 75-85-9. State tax commission to prepare necessary forms
The State Tax Commission shall prepare uniform forms for license applications, license certificates and license renewals issued under this chapter.
§ 75-85-11. Registered agent for transient vendor; tax collector as agent for service of process
Each applicant for a transient vendor license shall designate a registered agent on the license application. The registered agent must be a resident of the county or municipality for which the license is sought and shall be the agent on whom any process, notice or demand required or permitted by law to be served on […]
§ 75-85-13. License fee; bond requirements
Each applicant for a transient vendor license shall include a license fee set by the governing authority of the county or municipality not to exceed Two Hundred Fifty Dollars ($250.00) with the application, which fee shall be deposited in the general fund of the county or municipality that issues the license. The applicant shall also […]
§ 75-85-15. Issuance of license; validity of license; renewal of license
The county tax collector and the municipal tax collector shall issue a transient vendor license under this chapter only if all requirements of this chapter have been met. The license is not transferable and is valid only within the territorial limits of the issuing county or municipality. A license expires ninety (90) days after the […]
§ 75-85-17. Posting of sales tax number, license number and statement concerning sales receipt; vendor to keep running total of sales
While transacting his business, a transient vendor shall post in a prominent place, so that they may clearly be seen by purchasers of the merchandise or services which he is offering, his state sales tax number, his transient vendor license number, and a statement that he is required to give purchasers, at the time of […]
§ 75-85-19. Penalties for violation of chapter
Any person who knowingly or intentionally operates a transient business without a valid license as provided by this chapter or who knowingly or intentionally advertises, offers for sale, or sells any merchandise or services in violation of this chapter shall, upon conviction, be guilty of a misdemeanor and, upon conviction thereof, shall be fined not […]