<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 37-25A-8 - Filings required to register opportunity. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2061791Normal { 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.s2061791SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2061791CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2061791Normal-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.s2061791DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2061791Normal-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.s2061791000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2061791SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2061791SCL-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="s2061791Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=37-25A-8"><span class="s2061791SENU">37-25A-8</span></a><span xml:space="preserve" class="s2061791SENU">. </span><span class="s2061791CL">Filings required to register opportunity.</span></p><p dir="ltr" class="s2061791Normal-000000"><span xml:space="preserve" class="s2061791DefaultParagraphFont">In order to register a business opportunity, the seller shall file with the director of the Division of Insurance one of the following disclosure documents with the appropriate cover sheet as required by § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=37-25A-15"><span class="s2061791DefaultParagraphFont">37-25A-15</span></a><span xml:space="preserve" class="s2061791DefaultParagraphFont">, a consent to service of process as specified in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=37-25A-9"><span class="s2061791DefaultParagraphFont">37-25A-9</span></a><span xml:space="preserve" class="s2061791DefaultParagraphFont"> and the appropriate fee as required by § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=37-25A-10"><span class="s2061791DefaultParagraphFont">37-25A-10</span></a><span class="s2061791DefaultParagraphFont">:</span></p><p dir="ltr" class="s2061791Normal-000001"><span xml:space="preserve" class="s2061791DefaultParagraphFont">(1)    A disclosure document prepared pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=37-25A-15"><span class="s2061791DefaultParagraphFont">37-25A-15</span></a><span class="s2061791DefaultParagraphFont">; or</span></p><p dir="ltr" class="s2061791Normal-000001"><span class="s2061791DefaultParagraphFont">(2)    A disclosure document prepared pursuant to 16 C.F.R. Part 437 as of January 1, 2008.</span></p><p dir="ltr" class="s2061791Normal"><span xml:space="preserve" class="s2061791000002"> </span></p><p dir="ltr" class="s2061791Normal"><span class="s2061791SCL">Source:</span><span xml:space="preserve" class="s2061791SCL-000003"> SL 1985, ch 305, § 8; SL 2008, ch 203, § 58; SL 2017, ch 231 (Ex. Ord. </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=17-2"><span class="s2061791SCL-000003">17-2</span></a><span class="s2061791SCL-000003">), § 19, eff. Apr. 13, 2017.</span></p></div></body></html>