S.D. Codified Laws § 42-7-65

Current through the 2024 Legislative Session

Section 42-7-65 - Transfer of license or stock ownership subject to approval-Standards applied

All transfers of licenses to collect or disburse money under the certificate system or transfers of stock in a corporation holding a license shall be subject to prior review and approval by the commission, and the disclosure requirements as provided in § 42-7-59. The commission may approve minor transfers of stock without a hearing. The commission shall apply the standards provided in § 42-7-91 in determining whether it shall permit a transfer of stock.

SDCL 42-7-65

SL 1978, ch 302, § 18; SL 1991, ch 349, § 17; SL 2005, ch 229, §4.