S.D. Admin. R. 20:36:03:11
Whenever a registered individual, partnership, firm, or corporation shall sell or otherwise transfer its interest to another party, including sale or transfer of stock in a corporation which retains its identity, the board must be notified at least 30 days prior to the date of sale or transfer. The provisions of SDCL 36-13 and chapters 20:36:03 and 20:36:04 herein for the issuance of a new certificate of registration will be followed.
Although no exception is made as to notification of the board prior to the transfer, the sale or transfer of interests in a certificate of registration between husband and wife or parent and child or children will be excepted from qualifying for a new certificate of registration as long as there is a legally registered abstracter who has qualified by examination under the provisions of SDCL 36-13-12 and this chapter who will have personal contact with or responsible supervision of the operations of such firm, partnership, or corporation at all times.
S.D. Admin. R. 20:36:03:11
General Authority: SDCL 36-13-6.
Law Implemented: SDCL 36-13-6, 36-13-8, 36-13-11.