It is a Class 1 misdemeanor for the developer of the project, after an offering is submitted to the Real Estate Commission, to materially change the setup or value or use of such offering without first notifying the commission in writing of such intended change and substantially notifying all purchasers and prospective buyers of such change.
S.D. Codified Laws § 43-15A-22
Material change in offering prohibited without written notice
Source: SL 1975, ch 270, § 17; SL 1983, ch 15, § 2; SL 1986, ch 302, § 91.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.