S.D. Admin. R. 20:69:12:15

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

Section 20:69:12:15 - Renewal of time-share filings

A filing required by this chapter shall be renewed by December 31 of each year on a form prescribed by the commission. Failure to renew by the specified date will result in forfeiture of the right to engage in the sale of a time-share plan. A forfeited registration may be restored within 90 days upon payment of a registration fee of $25 for each time-share unit and meeting all of the renewal requirements. The registration fee shall accompany the renewal application. The fee for renewal may not exceed $250. No sale or offer for sale of a time-share plan may be made until registration has been restored. A current financial statement is required for renewal in the same form as required in § 20:69:12:10.

S.D. Admin. R. 20:69:12:15

10 SDR 68, effective 1/1/1984; 10 SDR 121, amended May 17, 1984, retroactively 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-4, 43-15B-6.