The department shall terminate the coverage of any employing unit as of the date on which the employer ceases to have employment because of the sale of the employer's entire business and the employing unit's entire rating account is transferred to another employer under § 61-5-42.
S.D. Codified Laws § 61-5-15
Termination of coverage on transfer of account to successor in business
Source: SDC 1939, § 17.0823 (2) as added by SL 1961, ch 107, § 2; SL 2008, ch 277, § 106; SDCL § 61-5-52; SL 2012, ch 252, § 59.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.