S.D. Codified Laws § 51A-17-73

Current through the 2024 Legislative Session

Section 51A-17-73 - Acquisition of control-Application-Completion

When an application for acquisition of control under § 51A-17-72 appears to include all the items and address all of the matters that are required, the application shall be considered complete and the director shall promptly notify the applicant in a record of the date on which the application was determined to be complete and:

(1) The director shall approve or deny the application within sixty days after the completion date; or

(2) If the application is not approved or denied within sixty days after the completion date:

(a) The application is approved; and

(b) The person, or group of persons acting in concert, are not prohibited from acquiring control.

(3) The director may for good cause extend the application period.

SDCL 51A-17-73

SL 2024, ch 196, §22.

Added by S.L. 2024, ch. 196,s. 22, eff. 7/1/2024.