36-21-18. Title to property to remain with seller until settlement made

36-21-18. Title to property to remain with seller until settlement made Any person that purchases livestock at any sale conducted by an auction market established under the laws of this state must pay for the livestock with cash, check, or any other method of payment generally accepted by financial institutions in this state. For a noncash purchase and transfer of title to be valid, the financial institution of the purchaser shall honor the payment at the time of presentation.