S.D. Admin. R. 20:69:12:13

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

Section 20:69:12:13 - Sales solicitation requirements for agents

An agent, including the developer if it is also the agent, may not sell or offer to sell an interest in a time-share plan for a developer if the time-share unit is located in the state whether the sale or offer for sale is made in the state or out-of-state, unless the agent files and the commission accepts the following:

(1) The time-share plan or plans it intends to sell;

(2) Its principal office address and telephone number;

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

(4) A copy of the special escrow agreement as required by § 20:69:12:28.

S.D. Admin. R. 20:69:12:13

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.