Administration

SDCL § 47-31B-601 — under UNIFORM SECURITIES ACT OF 2002.

SDCL § 47-31B-601

(a) Administration. This chapter shall be administered by the director. (b) The director shall designate one of the director's employees to administer the provisions of this chapter in the event of the director's absence or disability. (c) This chapter shall be administered under the direction and supervision of the Department of Labor and Regulation and the secretary thereof, but shall retain the quasi-judicial, quasi-legislative, advisory, and other nonadministrative functions, as defined in § 1-32-1 , otherwise vested in it and shall exercise those functions independently of the secretary of the Department of Labor and Regulation. (d) The director shall be appointed by the secretary of the Department of Labor and Regulation and may be removed at the pleasure of the secretary. The appointment and removal of the director shall be subject to approval by the Governor. (e) The director shall receive travel expenses, in accordance with the rules of the Board of Finance, incurred in the discharge of official duties. (f) The director shall employ, from time to time, such clerks and employees as are necessary for the administration of this chapter, and they shall perform such duties as the director shall assign. (g) The director may be included in the state's employees' blanket bond pursuant to §