<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083730Normal { text-align: center; 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.s2083730HG4 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083730DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2083730HG4C { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083730Normal-000000 { 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; } p.s2083730B { margin-left: 1.38in; text-indent: -1.38in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 43-15B - TIME-SHARE ESTATES"><meta property="og:description" content="SDLRC Codified Law 43-15B - TIME-SHARE ESTATES"><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=43-15B"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2083730Normal"><span xml:space="preserve" class="s2083730HG4">CHAPTER </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B</span></a></p><p dir="ltr" class="s2083730Normal"><span xml:space="preserve" class="s2083730HG4C">TIME-SHARE ESTATES </span></p><p dir="ltr" class="s2083730Normal-000000"><span xml:space="preserve" class="s2083730DefaultParagraphFont"> </span></p><p dir="ltr" class="s2083730B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-1" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B-1</span></a><span xml:space="preserve" class="s2083730DefaultParagraphFont">    "Time-share" defined. </span></p><p dir="ltr" class="s2083730B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-2" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B-2</span></a><span xml:space="preserve" class="s2083730DefaultParagraphFont">    Restrictions on sales. </span></p><p dir="ltr" class="s2083730B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-3" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B-3</span></a><span xml:space="preserve" class="s2083730DefaultParagraphFont">    Registration of projects. </span></p><p dir="ltr" class="s2083730B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-4" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B-4</span></a><span xml:space="preserve" class="s2083730DefaultParagraphFont">    Fee for registration. </span></p><p dir="ltr" class="s2083730B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-5" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B-5</span></a><span xml:space="preserve" class="s2083730DefaultParagraphFont">    Inspection fee. </span></p><p dir="ltr" class="s2083730B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-6" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B-6</span></a><span xml:space="preserve" class="s2083730DefaultParagraphFont">    Rules. </span></p><p dir="ltr" class="s2083730B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-7" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B-7</span></a><span xml:space="preserve" class="s2083730DefaultParagraphFont">    Sale of unregistered project prohibited--Exception--Issuance of restricted licenses. </span></p><p dir="ltr" class="s2083730B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-8" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B-8</span></a><span xml:space="preserve" class="s2083730DefaultParagraphFont">    Forfeited registration--Restoration--Fee. </span></p><p dir="ltr" class="s2083730B"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-9" rel="noopener"><span class="s2083730DefaultParagraphFont">43-15B-9</span></a><span xml:space="preserve" class="s2083730DefaultParagraphFont">    Applicants and licensees under disciplinary investigation--Criminal background check.</span></p></div></body></html><br /><hr><br /><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 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065221Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065221SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065221CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065221CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065221Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065221DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065221DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065221000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065221SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065221SCL-000004 { 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="s2065221Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-1"><span class="s2065221SENU">43-15B-1</span></a><span xml:space="preserve" class="s2065221SENU">. </span><span class="s2065221CL">"Time</span><span class="s2065221CL-000000">-</span><span class="s2065221CL">share" defined.</span></p><p dir="ltr" class="s2065221Normal-000001"><span class="s2065221DefaultParagraphFont">For purposes of this chapter, the term "time</span><span class="s2065221DefaultParagraphFont-000002">-</span><span class="s2065221DefaultParagraphFont">share" means the right to use and occupy a living unit, of which the use and occupancy right is divided among persons holding similar interests within that living unit according to a fixed or variable time schedule on a periodic basis and allotted from the use or occupancy into which the time</span><span class="s2065221DefaultParagraphFont-000002">-</span><span class="s2065221DefaultParagraphFont">share project is divided. There is no distinction between a "time</span><span class="s2065221DefaultParagraphFont-000002">-</span><span class="s2065221DefaultParagraphFont">share use" and a "time</span><span class="s2065221DefaultParagraphFont-000002">-</span><span class="s2065221DefaultParagraphFont">share estate."</span></p><p dir="ltr" class="s2065221Normal"><span xml:space="preserve" class="s2065221000003"> </span></p><p dir="ltr" class="s2065221Normal"><span class="s2065221SCL">Source:</span><span xml:space="preserve" class="s2065221SCL-000004"> SL 1983, ch 273, § 1.</span></p></div></body></html><br /><hr><br /><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 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065222Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065222SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065222CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065222Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065222DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065222DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065222000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065222SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065222SCL-000003 { 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="s2065222Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-2"><span class="s2065222SENU">43-15B-2</span></a><span xml:space="preserve" class="s2065222SENU">. </span><span class="s2065222CL">Restrictions on sales.</span></p><p dir="ltr" class="s2065222Normal-000000"><span class="s2065222DefaultParagraphFont">No person may sell, convey, present for sale, or advertise any interest in a time</span><span class="s2065222DefaultParagraphFont-000001">-</span><span class="s2065222DefaultParagraphFont">share project unless he complies with the provisions of this chapter.</span></p><p dir="ltr" class="s2065222Normal"><span xml:space="preserve" class="s2065222000002"> </span></p><p dir="ltr" class="s2065222Normal"><span class="s2065222SCL">Source:</span><span xml:space="preserve" class="s2065222SCL-000003"> SL 1983, ch 273, § 2.</span></p></div></body></html><br /><hr><br /><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 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065223Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065223SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065223CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065223Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065223DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065223DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065223000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065223SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065223SCL-000003 { 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="s2065223Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-3"><span class="s2065223SENU">43-15B-3</span></a><span xml:space="preserve" class="s2065223SENU">. </span><span class="s2065223CL">Registration of projects.</span></p><p dir="ltr" class="s2065223Normal-000000"><span class="s2065223DefaultParagraphFont">Any time</span><span class="s2065223DefaultParagraphFont-000001">-</span><span class="s2065223DefaultParagraphFont">share project shall be registered annually with the Real Estate Commission.</span></p><p dir="ltr" class="s2065223Normal"><span xml:space="preserve" class="s2065223000002"> </span></p><p dir="ltr" class="s2065223Normal"><span class="s2065223SCL">Source:</span><span xml:space="preserve" class="s2065223SCL-000003"> SL 1983, ch 273, § 3; SL 1986, ch 302, § 95.</span></p></div></body></html><br /><hr><br /><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 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065224Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065224SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065224CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065224Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065224DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065224DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065224000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065224SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065224SCL-000003 { 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="s2065224Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-4"><span class="s2065224SENU">43-15B-4</span></a><span xml:space="preserve" class="s2065224SENU">. </span><span class="s2065224CL">Fee for registration.</span></p><p dir="ltr" class="s2065224Normal-000000"><span xml:space="preserve" class="s2065224DefaultParagraphFont">Application for initial registration under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-3"><span class="s2065224DefaultParagraphFont">43-15B-3</span></a><span xml:space="preserve" class="s2065224DefaultParagraphFont"> shall be accompanied by a fee set by rule promulgated pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2065224DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2065224DefaultParagraphFont"> not to exceed twenty</span><span class="s2065224DefaultParagraphFont-000001">-</span><span class="s2065224DefaultParagraphFont">five dollars per unit. The total fee may not exceed one thousand dollars per time</span><span class="s2065224DefaultParagraphFont-000001">-</span><span class="s2065224DefaultParagraphFont">share project.</span></p><p dir="ltr" class="s2065224Normal"><span xml:space="preserve" class="s2065224000002"> </span></p><p dir="ltr" class="s2065224Normal"><span class="s2065224SCL">Source:</span><span xml:space="preserve" class="s2065224SCL-000003"> SL 1983, ch 273, § 4; SL 1986, ch 302, § 96.</span></p></div></body></html><br /><hr><br /><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 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065225Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065225SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065225CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065225Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065225DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065225DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065225000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065225SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065225SCL-000003 { 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="s2065225Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-5"><span class="s2065225SENU">43-15B-5</span></a><span xml:space="preserve" class="s2065225SENU">. </span><span class="s2065225CL">Inspection fee.</span></p><p dir="ltr" class="s2065225Normal-000000"><span class="s2065225DefaultParagraphFont">The Real Estate Commission may charge an inspection fee in the amount of seventy</span><span class="s2065225DefaultParagraphFont-000001">-</span><span class="s2065225DefaultParagraphFont">five dollars per day for each day estimated to be consumed in the examination of the project, plus additional reasonable expenses, which shall be paid to the commission representative inspecting a project.</span></p><p dir="ltr" class="s2065225Normal"><span xml:space="preserve" class="s2065225000002"> </span></p><p dir="ltr" class="s2065225Normal"><span class="s2065225SCL">Source:</span><span xml:space="preserve" class="s2065225SCL-000003"> SL 1983, ch 273, § 5; SL 1986, ch 302, § 97.</span></p></div></body></html><br /><hr><br /><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 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065226Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065226SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065226CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065226Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065226DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065226000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065226SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065226SCL-000002 { 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="s2065226Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-6"><span class="s2065226SENU">43-15B-6</span></a><span xml:space="preserve" class="s2065226SENU">. </span><span class="s2065226CL">Rules.</span></p><p dir="ltr" class="s2065226Normal-000000"><span xml:space="preserve" class="s2065226DefaultParagraphFont">The Real Estate Commission shall promulgate rules pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2065226DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2065226DefaultParagraphFont"> to implement the provisions of this chapter.</span></p><p dir="ltr" class="s2065226Normal"><span xml:space="preserve" class="s2065226000001"> </span></p><p dir="ltr" class="s2065226Normal"><span class="s2065226SCL">Source:</span><span xml:space="preserve" class="s2065226SCL-000002"> SL 1983, ch 273, § 6; SL 1986, ch 302, § 98.</span></p></div></body></html><br /><hr><br /><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 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065227Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065227SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065227CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065227Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065227DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065227DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065227000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065227SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065227SCL-000003 { 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="s2065227Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-7"><span class="s2065227SENU">43-15B-7</span></a><span xml:space="preserve" class="s2065227SENU">. </span><span class="s2065227CL">Sale of unregistered project prohibited--Exception--Issuance of restricted licenses.</span></p><p dir="ltr" class="s2065227Normal-000000"><span class="s2065227DefaultParagraphFont">No person may offer to sell in this state any time</span><span class="s2065227DefaultParagraphFont-000001">-</span><span class="s2065227DefaultParagraphFont">share project, or offer to sell outside the state any time</span><span class="s2065227DefaultParagraphFont-000001">-</span><span class="s2065227DefaultParagraphFont">share in a time</span><span class="s2065227DefaultParagraphFont-000001">-</span><span class="s2065227DefaultParagraphFont">share project located within this state without first registering the time</span><span class="s2065227DefaultParagraphFont-000001">-</span><span class="s2065227DefaultParagraphFont">share project with the South Dakota Real Estate Commission. The sale or transfer of a time</span><span class="s2065227DefaultParagraphFont-000001">-</span><span class="s2065227DefaultParagraphFont">share project by an owner other than the developer or sales agent is exempt from this chapter. The Real Estate Commission may issue restricted brokers' or salesmen's licenses for time share brokers or salesmen pursuant to § 36-21-28.1.</span></p><p dir="ltr" class="s2065227Normal"><span xml:space="preserve" class="s2065227000002"> </span></p><p dir="ltr" class="s2065227Normal"><span class="s2065227SCL">Source:</span><span xml:space="preserve" class="s2065227SCL-000003"> SL 1983, ch 273, § 7; SL 1986, ch 302, § 99.</span></p></div></body></html><br /><hr><br /><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 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065228Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065228SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065228CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065228Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065228DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065228DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065228000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065228SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065228SCL-000003 { 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="s2065228Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-8"><span class="s2065228SENU">43-15B-8</span></a><span xml:space="preserve" class="s2065228SENU">. </span><span class="s2065228CL">Forfeited registration--Restoration--Fee.</span></p><p dir="ltr" class="s2065228Normal-000000"><span class="s2065228DefaultParagraphFont">If a time</span><span class="s2065228DefaultParagraphFont-000001">-</span><span xml:space="preserve" class="s2065228DefaultParagraphFont">share project is not renewed by the date set by the commission by rule promulgated pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2065228DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2065228DefaultParagraphFont"> the registration for such project is forfeited. A forfeited registration may be restored within ninety days upon payment of a registration fee set by the commission by rule promulgated pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2065228DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2065228DefaultParagraphFont"> not to exceed twenty</span><span class="s2065228DefaultParagraphFont-000001">-</span><span class="s2065228DefaultParagraphFont">five dollars per unit. The total fee may not exceed two hundred fifty dollars per time</span><span class="s2065228DefaultParagraphFont-000001">-</span><span class="s2065228DefaultParagraphFont">share project.</span></p><p dir="ltr" class="s2065228Normal"><span xml:space="preserve" class="s2065228000002"> </span></p><p dir="ltr" class="s2065228Normal"><span class="s2065228SCL">Source:</span><span xml:space="preserve" class="s2065228SCL-000003"> SL 1986, ch 302, § 100.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-15B - TIME-SHARE ESTATES</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2082897Normal { 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.s2082897SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2082897CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2082897Statute { 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.s2082897DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2082897000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2082897NoIndent { text-indent: 0.00in; 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.s2082897DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2082897SCL { 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><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 43-15B-9 - Applicants and licensees under disciplinary investigation--Criminal background check."><meta property="og:description" content="SDLRC Codified Law 43-15B-9 - Applicants and licensees under disciplinary investigation--Criminal background check."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=43-15B-9"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2082897Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-15B-9" rel="noopener"><span class="s2082897SENU">43-15B-9</span></a><span xml:space="preserve" class="s2082897SENU">. </span><span xml:space="preserve" class="s2082897CL">Applicants and licensees under disciplinary investigation--Criminal background check. </span></p><p dir="ltr" class="s2082897Statute"><span class="s2082897DefaultParagraphFont">Each applicant for licensure and registration as a time share agent in this state shall submit to a state and federal criminal background investigation by means of fingerprint checks by the Division of Criminal Investigation and the Federal Bureau of Investigation. Upon application, the commission shall submit completed fingerprint cards to the Division of Criminal Investigation. Upon completion of the criminal background check, the Division of Criminal Investigation shall forward to the commission all information obtained as a result of the criminal background check. This information shall be obtained prior to licensure of the applicant. The commission may require a state and federal criminal background check for any licensee who is the subject of a disciplinary investigation by the commission. Failure to submit or cooperate with the criminal background investigation is grounds for denial of an application or may result in revocation of a license. The applicant shall pay for any fees charged for the cost of fingerprinting or the criminal background investigation.</span></p><p dir="ltr" class="s2082897Normal"><span xml:space="preserve" class="s2082897000000"> </span></p><p dir="ltr" class="s2082897NoIndent"><span xml:space="preserve" class="s2082897DefaultParagraphFont-000001">Source: </span><span class="s2082897SCL">SL 2009, ch 190, § 3; SL 2021, ch 179, § 4.</span></p></div></body></html>