The commission may conduct investigations to ascertain if any capital stock of any corporate applicant is held for an undisclosed principal. Failure to disclose a principal is a material false statement. Source: SL 1978, ch 302 , § 18; SL 1991, ch 349 , § 18.
Investigation of stock ownership--Failure to disclose
SDCL § 42-7-66 — under HORSE AND DOG RACING.
SDCL § 42-7-66