§ 37-33-1 “Promote” defined
§ 37-33-2 “Appropriate inventory repurchase program” defined–“Inventory” defined–“Commercially reasonable” defined–“Current and marketable” defined
§ 37-33-3 “Pyramid promotional scheme” defined
§ 37-33-4 “Compensation” defined
§ 37-33-5 “Consideration” defined
§ 37-33-6 “Inventory loading” defined
§ 37-33-7 Pyramid promotional schemes prohibited–Operation of scheme a felony–Participation in scheme a misdemeanor
§ 37-33-8 Certain plans not defined as pyramid promotional schemes
§ 37-33-9 Attorney general may proceed against pyramid promotional schemes
§ 37-33-10 Civil proceedings by attorney general–Entry of orders–Injunctions–Hearings–Penalties–Payment of costs
lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In South Dakota Codified Laws > Title 37 > Chapter 33 - Pyramid Promotional Schemes

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2