S.D. Admin. R. 20:18:26:01

Current through Register Vol. 51, page 67, December 16, 2024
Section 20:18:26:01 - Licensing of financial institutions

A financial institution that has a security interest in gaming devices or licensed gaming premises and that has foreclosed its interest in the devices or premises, and has obtained title to them or has certified a default and its intent to exercise rights to possession under the terms of the security interest may be licensed by the commission on an emergency basis, with, without, or during a background investigation, after receipt of the application and payment of fees.

S.D. Admin. R. 20:18:26:01

16 SDR 233, effective 7/1/1990; 23 SDR 126, effective 2/13/1997; 50 SDR 145, effective 6/11/2024

General Authority: SDCL 42-7B-7, 42-7B-11.

Law Implemented: SDCL 42-7B-2.1, 42-7B-3, 42-7B-7, 42-7B-11, 42-7B-18, 42-7B-19, 42-7B-21, 42-7B-22, 42-7B-24, 42-7B-25, 42-7B-33.

Qualifications for licensee as operator, gaming property owner, retailer, or provider, SDCL 42-7B-25.