<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779P0"><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:18:06:09"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000000">20:18:06:09</span></a><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000001">.  Regulation of ownership interests.</span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0"> The executive secretary </span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">shall</span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0"> require </span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">an applicant or </span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">a person owning an interest in a license</span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0"> </span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">to complete an application requiring background information, source of funding, and a sworn statement that the person is not holding the person's interest for another party. The commission may</span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0"> </span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">require</span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0"> an applicant or a person owning</span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0"> less than five percent </span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">of an </span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">interest </span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">in a license </span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">to undergo a full background investigation.</span></p><p dir="ltr" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779P0"><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779000002"> </span></p><p dir="ltr" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779P0"><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">    </span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000001">Source:</span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0"> 16 SDR 57, effective October 1, 1989</span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">; 50 SDR 145, effective June 11, 2024</span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">.</span></p><p dir="ltr" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779P0"><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">    </span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000001">General Authority:</span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-11"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-11</span></a><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">.</span></p><p dir="ltr" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779P0"><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">    </span><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000001">Law Implemented:</span><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-1"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-1</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-2"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-2</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-3"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-3</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-7"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-7</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-11"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-11</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-18"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-18</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-19"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-19</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-20"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-20</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-21"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-21</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-22"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-22</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-24"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-24</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-25"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-25</span></a><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=42-7B-27"><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0-000003">42-7B-27</span></a><span class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779C0">.</span></p><p dir="ltr" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779P0"><span xml:space="preserve" class="sb74ae5cb-0ed8-4eb1-a36c-27aec6a63779000002"> </span></p></div></body></html>