South Dakota Codified Laws 37-25A-37. Sales and offers subject to chapter
Current as of: 2023 | Check for updates
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The provisions of this chapter concerning sales and offers to sell apply to persons who sell or offer to sell if:
(1) An offer to sell is made in this state;
Terms Used In South Dakota Codified Laws 37-25A-37
- offer to sell: includes every attempt to dispose of a business opportunity for value or solicitation of an offer to purchase a business opportunity. See South Dakota Codified Laws 37-25A-1
- sell: includes every contract or agreement of sale, contract to sell, disposition of a business opportunity or interest in a business opportunity for value. See South Dakota Codified Laws 37-25A-1
(2) An offer to purchase is made and accepted in this state; or
(3) The purchaser is domiciled in this state and the business opportunity is operated in this state.
Source: SL 1985, ch 305, § 37.