S.D. Admin. R. 20:18:36.20

Current through Register Vol. 50, page 159, June 17, 2024
Section 20:18:36.20 - Withdrawals from an account

An account holder may withdraw the funds maintained in the holder's wagering account, whether the account is open or closed, except as otherwise provided in these rules, or any other applicable state or federal laws.

For withdrawals not paid directly to an account holder, payments from an account must be paid directly to an account with a financial institution in the name of the account holder, or made payable to the account holder and forwarded to the account holder's principal address using a secure delivery service or through another method that is not prohibited by state or federal law.

For purposes of this chapter, a request for withdrawal is considered honored if it is processed by the advance deposit wagering licensee notwithstanding a delay by a payment processor, credit card issuer, or the custodian of a financial account.

S.D. Admin. R. 20:18:36.20

48 SDR 014, effective 8/22/2021

General Authority: SDCL 42-7B-7, 42-7B-11(13).

Law Implemented: SDCL 42-7B-77.