S.D. Admin. R. 20:18:20:02

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:18:20:02 - Approval of chips and tokens - Requests and procedures

A licensee may not issue chips or tokens or sell or redeem chips or tokens unless the specifications of the chips or tokens have been approved in writing by the executive secretary. A licensee may not issue chips or tokens or sell or redeem chips or tokens that are modifications of chips or tokens previously approved by the executive secretary unless the modifications have been approved by the executive secretary.

Requests for approval of chips, tokens, and modifications to previously approved chips or tokens must be made in writing to the executive secretary. The request must include the following in addition to other items of information that the executive secretary may require:

(1) An exact drawing of each side and the edge of the proposed chip or token, drawn to actual size or drawn in scale to larger than actual size showing the measurements of the proposed chip or token in each dimension;

(2) Written specifications for the proposed chips or tokens;

(3) The name and address of the manufacturer; and

(4) The licensee's intended use for the proposed chips or tokens.

If the executive secretary is satisfied that the proposed chips or tokens conform with the requirements of this chapter, the executive secretary must notify the licensee in writing. The licensee must submit a sample of the proposed chips or tokens in final, manufactured form to the executive secretary. If the executive secretary is satisfied that the sample conforms with the requirements of this chapter and with the information submitted with the application, the executive secretary must approve the proposed chips or tokens and notify the licensee in writing. The executive secretary may retain the sample chips and tokens.

S.D. Admin. R. 20:18:20:02

16 SDR 157, effective 10/1/1989; 19 SDR 177, effective 5/27/1993.

General Authority: SDCL 42-7B-7.

Law Implemented: SDCL 42-7B-1, 42-7B-2, 42-7B-3, 42-7B-4, 42-7B-7, 42-7B-11, 42-7B-14, 42-7B-15.