35-3-27. Refund of license fee on termination of license by local option election.
If an existing license is terminated as the result of a special election, a pro rata portion of the license fee shall be refunded to the licensee according to the portion of the license period that has not elapsed upon the termination. The refund shall be made by the state and the municipality pro rata according to the portions of the fee retained respectively by the state and the municipality.
Source: SDC 1939, §5.0236; SL 1951, ch 7; SL 1953, ch 11; SL 1959, ch 10, §3; SL 2008, ch 37, §165.