Title 37 — TRADE REGULATION
48 chapters · 598 sections in this title.
SDCL § 37-25A-55 Civil penalty
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The director may impose a civil penalty against a person named in an order issued under § 37-25A-30 for violation of §§ 37-25A-7 , and 37-25A-43 to 37-25A-46 , inclusive. The amount of the civil penalty may not exceed five thousand dollars for each act or omission that constitute…
SDCL § 37-25A-6 Offer or sale without knowledge of order revoking or denying exemption
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No person is considered to have violated § 37-25A-7 by reason of any offer or sale effected after the entry of an order under § 37-25A-5 if he establishes that he did not know and, in the exercise of reasonable care, could not have known, of the order. Source: SL 1985, ch 305 , §…
SDCL § 37-25A-7 Offer or sale of opportunity not registered or exempt prohibited
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No person may offer or sell any business opportunity in this state unless the business opportunity is registered under this chapter or is exempt under §
SDCL § 37-25A-8 Filings required to register opportunity
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In order to register a business opportunity, the seller shall file with the director of the Division of Insurance one of the following disclosure documents with the appropriate cover sheet as required by § 37-25A-15 , a consent to service of process as specified in § 37-25A-9 and…
SDCL § 37-25A-9 Appointment of director as agent for service of process--Procedure for service through director
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Every seller shall file, in a form the director of the Division of Insurance prescribes, an irrevocable consent appointing the director or the successor in office to be the seller's agent to receive service of any lawful process in any noncriminal suit, action or proceeding again…