SD PUC works to seize sunflower company's bond

April 6, 2012 prnews Local News 0

SIOUX FALLS, S.D. (AP) – The South Dakota Public Utilities Commission is seeking court approval to seize a $100,000 bond from a sunflower seed company that owes farmers in South Dakota and North Dakota about $4 million. Anderson Seed Co. posted the bond in order to receive its grain-buyers license. A hearing on the request by South Dakota regulators to seize the bond is set for May 1 in Spink County. Anderson Seed is based in Mentor, Minn. North Dakota’s Public Service Commission has gone to court to take the company’s $280,000 bond in that state