South Dakota Codified Laws 37-25A-7. Offer or sale of opportunity not registered or exempt prohibited
Current as of: 2023 | Check for updates
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No person may offer or sell any business opportunity in this state unless the business opportunity is registered under this chapter or is exempt under § 37-25A-3.
Terms Used In South Dakota Codified Laws 37-25A-7
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- 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
Source: SL 1985, ch 305, § 7.