S.D. Admin. R. 20:69:12:12

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

Section 20:69:12:12 - Acquisition solicitation requirements for agents

An agent, including the developer if it is also the agent, may not solicit or encourage others to attend a time-share sales presentation or to contact an agent or developer if the time-share unit is located in the state, whether the solicitation is conducted in the state or out-of-state, unless the agent files and the commission accepts the following:

(1) The time-share plan or plans for which it is providing prospective purchasers;

(2) Its principal office address and telephone number; and

(3) If a corporation, the name, address, and telephone number of its responsible managing employee.

S.D. Admin. R. 20:69:12:12

10 SDR 68, effective 1/1/1984; 12 SDR 102, effective 12/22/1985; 12 SDR 151, 12 SDR 155, effective 7/1/1986; transferred from

General Authority: SDCL 36-21A-89, 43-15B-6.

Law Implemented: SDCL 43-15B-3, 43-15B-6.