(a) A person acquires a security or an interest therein, under this chapter, if: (1) The person is a purchaser to whom a security is delivered pursuant to § 57A-8-301 ; or (2) The person acquires a security entitlement to the security pursuant to §
SDCL § 57A-8-104 — under INVESTMENT SECURITIES.
SDCL § 57A-8-104
(a) A person acquires a security or an interest therein, under this chapter, if: (1) The person is a purchaser to whom a security is delivered pursuant to § 57A-8-301 ; or (2) The person acquires a security entitlement to the security pursuant to §