2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 17 - Money Transmission
§ 51A-17-12 Application for license--Form--Contents.
51A-17-12. Application for license--Form--Contents. Each application for a license under this chapter shall be made in writing, and in a form prescribed by the director. Each application shall contain:
(1) The exact name of the applicant, the applicant's principal address, any fictitious or trade name used by the applicant in the conduct of its business, and the location of the applicant's business records;
(2) The history of the applicant's material litigation for the five-year period prior to the date of the application;
(3) Two sets of completed fingerprint cards and a signed waiver to authorize the division to conduct a criminal background investigation of the applicant;
(4) A description of the activities conducted by the applicant and a history of operations;
(5) A description of the business activities in which the applicant seeks to be engaged in the state;
(6) A list identifying the applicant's proposed authorized delegates in the state, if any, at the time of the filing of the license application;
(7) A sample authorized delegate contract, if applicable;
(8) A sample form of payment instrument, if applicable;
(9) Each location at which the applicant and its authorized delegates, if any, propose to conduct the licensed activities in the state; and
(10) The name and address of the clearing bank or banks on which the applicant's payment instruments will be drawn or through which such payment instruments will be payable.
Source: SL 2008, ch 253, ยง 12.
