<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 51A-17-71 - License revocation or suspension--Compliance required.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sa62b2743b0364fb9b9b1e426fb5fb0d5Normal { 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.sa62b2743b0364fb9b9b1e426fb5fb0d5SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa62b2743b0364fb9b9b1e426fb5fb0d5CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sa62b2743b0364fb9b9b1e426fb5fb0d5StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; 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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 51A-17-71 - License revocation or suspension--Compliance required."><meta property="og:description" content="SDLRC Codified Law 51A-17-71 - License revocation or suspension--Compliance required."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/51A-17-71"><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="sa62b2743b0364fb9b9b1e426fb5fb0d5Normal"><a href="https://sdlegislature.gov/Statutes?Statute=51A-17-71" rel="noopener"><span class="sa62b2743b0364fb9b9b1e426fb5fb0d5SENU">51A-17-71</span></a><span xml:space="preserve" class="sa62b2743b0364fb9b9b1e426fb5fb0d5SENU">. </span><span class="sa62b2743b0364fb9b9b1e426fb5fb0d5CL">License revocation or suspension--Compliance required.</span></p><p dir="ltr" class="sa62b2743b0364fb9b9b1e426fb5fb0d5StatuteNumber1"><span class="sa62b2743b0364fb9b9b1e426fb5fb0d5DefaultParagraphFont">Maintenance of License.</span></p><p dir="ltr" class="sa62b2743b0364fb9b9b1e426fb5fb0d5StatuteNumber1"><span class="sa62b2743b0364fb9b9b1e426fb5fb0d5DefaultParagraphFont">(1)    If a licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license, the director may suspend or revoke the licensee's license in accordance with the procedures established by this chapter or other applicable state law for the suspension or revocation.</span></p><p dir="ltr" class="sa62b2743b0364fb9b9b1e426fb5fb0d5StatuteNumber1"><span xml:space="preserve" class="sa62b2743b0364fb9b9b1e426fb5fb0d5DefaultParagraphFont">(2)    An applicant for a money transmission license must demonstrate that it meets or will meet, and a money transmission licensee must at all times meet, the requirements in §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=51A-17-99" rel="noopener"><span class="sa62b2743b0364fb9b9b1e426fb5fb0d5DefaultParagraphFont">51A-17-99</span></a><span xml:space="preserve" class="sa62b2743b0364fb9b9b1e426fb5fb0d5DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=51A-17-101" rel="noopener"><span class="sa62b2743b0364fb9b9b1e426fb5fb0d5DefaultParagraphFont">51A-17-101</span></a><span class="sa62b2743b0364fb9b9b1e426fb5fb0d5DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="sa62b2743b0364fb9b9b1e426fb5fb0d5Normal"><span xml:space="preserve" class="sa62b2743b0364fb9b9b1e426fb5fb0d5000000"> </span></p><p dir="ltr" class="sa62b2743b0364fb9b9b1e426fb5fb0d5NoIndent"><span xml:space="preserve" class="sa62b2743b0364fb9b9b1e426fb5fb0d5DefaultParagraphFont-000001">Source: </span><span class="sa62b2743b0364fb9b9b1e426fb5fb0d5SCL">SL 2024, ch 196, § 20.</span></p></div></body></html>