S.D. Admin. R. 20:06:04:20

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:04:20 - Exemption for small transactions

Any acquisition of securities shall be exempt from SDCL 58-5-69 where the person effecting the acquisition does not:

(1) Within 6 months thereafter effect any disposition, otherwise than by way of gifts, of securities of the same class; and

(2) Participate in acquisitions or in dispositions of securities of the same class having a total market value in excess of $3,000 for any 6-month period during which the acquisition occurs.

S.D. Admin. R. 20:06:04:20

4 SDR 6, effective 8/9/1977; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-5-73, 58-5-77.

Law Implemented: SDCL 58-5-69.