<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 12-25-27 - Definitions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2041117Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2041117SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2041117CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2041117Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2041117DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2041117Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2041117000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2041117SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2041117SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2041117Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=12-25-27"><span class="s2041117SENU">12-25-27</span></a><span xml:space="preserve" class="s2041117SENU">. </span><span class="s2041117CL">Definitions.</span></p><p dir="ltr" class="s2041117Normal-000000"><span class="s2041117DefaultParagraphFont">Terms as used in this chapter mean:</span></p><p dir="ltr" class="s2041117Normal-000001"><span class="s2041117DefaultParagraphFont">(1)    "Any member of the individual's immediate family," a spouse or minor children living at home;</span></p><p dir="ltr" class="s2041117Normal-000001"><span class="s2041117DefaultParagraphFont">(2)    "Close economic interest," any enterprise that, in the calendar year preceding the filing of any statement of financial interest under this chapter, contributes more than ten percent of or more than two thousand dollars to the gross income of the family, including the individual required to file the statement and any member of the individual's immediate family. The term also includes any enterprise in which the individual or any member of the individual's immediate family controls more than ten percent of the capital or stock;</span></p><p dir="ltr" class="s2041117Normal-000001"><span class="s2041117DefaultParagraphFont">(3)    "Enterprise," any business or economic relationship;</span></p><p dir="ltr" class="s2041117Normal-000001"><span class="s2041117DefaultParagraphFont">(4)    "Statement of financial interest," a description of the type of financial activity and the nature of the association with any enterprise as defined in this section.</span></p><p dir="ltr" class="s2041117Normal"><span xml:space="preserve" class="s2041117000002"> </span></p><p dir="ltr" class="s2041117Normal"><span class="s2041117SCL">Source:</span><span xml:space="preserve" class="s2041117SCL-000003"> SL 1974, ch 121, § 1; SL 2017, ch 23, § 6.</span></p></div></body></html>