S.D. Codified Laws § 51A-17-81

Current through the 2024 Legislative Session
Section 51A-17-81 - Acquisition of control-Application-Determination

Before filing an application for approval to acquire control of a licensee a person may request in writing a determination from the director as to whether the person would be considered a person in control of a licensee upon consummation of a proposed transaction. If the director determines that the person would not be a person in control of a licensee, the proposed person and transaction is not subject to the requirements of subdivisions 51A-17-72(1) and (2).

SDCL 51A-17-81

SL 2024, ch 196, §30.
Added by S.L. 2024, ch. 196,s. 30, eff. 7/1/2024.