2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 17 - Money Transmission
§ 51A-17-14 Noncorporate applicants--Additional requirements.
51A-17-14. Noncorporate applicants--Additional requirements. If the applicant is not a corporation, in addition to the requirements of § 51A-17-12, the applicant shall provide:
(1) The name, business and residence address, personal financial statement, and employment history, for the past five years, of each principal of the applicant and the name, business and residence address, and employment history for the past five years of any other persons who will be in charge of the applicant's activities to be licensed;
(2) The place and date of the applicant's registration or qualification to do business in this state;
(3) The history of material litigation for the five-year period prior to the date of the application for each individual having any ownership interest in the applicant and each person who exercises supervisory responsibility with respect to the applicant's activities;
(4) Two sets of completed fingerprint cards and a signed waiver to authorize the division to conduct a criminal background investigation for each person having any ownership interest in the applicant and each person who exercises supervisory responsibility with respect to the applicant's activities; and
(5) Copies of the applicant's audited financial statements, including balance sheet, statement of income or loss, and statement of changes in financial position, for the current year and, if available, for the immediately preceding two-year period.
Source: SL 2008, ch 253, § 14.
