2006 South Dakota Code - 36-21A-46 — Restriction on substantial ownership of business or firm by licensedsalesperson or broker associate--Effective date.

36-21A-46. Restriction on substantial ownership of business or firm by licensed salesperson or broker associate--Effective date. No licensed salesperson or broker associate may own a substantial interest in a real estate brokerage business or firm. This section does not apply to an interest acquired before July 1, 1992.

Source: SL 1992, ch 273, § 46; SL 1998, ch 234, § 2.

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