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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 17 - Money Transmission
§ 51A-17-26 Request for determination on change of control from director.
Universal Citation: SD Codified L § 51A-17-26 (2017)
51A-17-26. Request for determination on change of control from director. Before filing a request for approval to acquire control, a person may request in writing a determination from the director as to whether the person would be considered a person in control of a licensee upon consummation of a proposed transaction. If the director determines that the person would not be a person in control of a licensee, the director shall enter an order to that effect and the proposed person and transaction is not subject to the requirements of § 51A-17-23.
Source: SL 2008, ch 253, § 26.
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