Securities registration requirement
Known as the Uniform Securities Act
The act spans §§ 47–47 (52 sections).
Source: SL 2004, ch 278, § 10.
It is unlawful for a person to offer or sell a security in this state unless:
(1) The security is a federal covered security;
(2) The security, transaction, or offer is exempted from registration under §§ 47-31B-201 through 47-31B-203; or
(3) The security is registered under this chapter.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.