<html> <head> <title>Rule 20:36:03:02 Eligibility to qualify partnership, corporation, and other firm.</title> <META NAME="Keywords" Content="Administrative Rules 20:36:03:02"> <META NAME="Description" Content="Administrative Rules 20:36:03:02 Eligibility to qualify partnership, corporation, and other firm."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} @font-face {font-family:Times; panose-1:2 2 6 3 5 4 5 2 3 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; font-size:10.0pt; font-family:"Times",serif;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink=purple> <div class=WordSection1> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:36:03:02.&nbsp;&nbsp;Eligibility to qualify partnership, corporation, and other firm.</b> If the applicant for registration seeks registration for the purpose of qualifying a partnership, corporation, or other permitted firm to engage in abstracting, </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>t</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>he</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> applicant</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> must have the qualifications provided in &#167;&nbsp;20:36:03:01, and show </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>by notarized signature</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> either in </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>t</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>h</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>e</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> application for registration or by separate document to be filed with the board that </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>t</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>he</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> applicant</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> or some other legally registered abstracter will have personal contact with or responsible supervision of the operations of </span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>t</span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>h</span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>e</span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'> partnership, corporation, or firm at all times. No partnership, corporation, or firm</span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'> that is</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'> not registered prior to the effective date of these rules shall be qualified for registration unless its eligibility is established as provided</span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'> by this section</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>. No partnership subject to SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=37-11">37-11</A></span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>-1</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>, the fictitious names statute, shall be qualified until </span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>the partnership has met the requirements of that section</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, &#167;&nbsp;1; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 46 SDR 42, effective October 3, 2019.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-13-6">36-13-6</A></span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>.1(7)</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-13-8">36-13-8</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=36-13-11">36-13-11.</A></span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> </div> </body> </html>