S.D. Admin. R. 20:06:04:17

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:06:04:17 - Determination of beneficial owner

In determining, for the purposes of SDCL 58-5-69, whether a person is the beneficial owner, directly or indirectly, or more than 10 percent of any class of any equity security, the interest of such person in the remainder of a trust shall be excluded from the computation.

S.D. Admin. R. 20:06:04:17

4 SDR 6, effective 8/9/1977; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-5-77.

Law Implemented: SDCL 58-5-69.