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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 17 - Money Transmission
§ 51A-17-5 Single license to conduct business at multiple locations--Authorized delegates.
Universal Citation: SD Codified L § 51A-17-5 (2017)
51A-17-5. Single license to conduct business at multiple locations--Authorized delegates. If a licensee has a physical presence in this state, the licensee may conduct its business at one or more locations, directly or indirectly owned, or through one or more authorized delegates, or both, pursuant to the single license granted to the licensee.
Any authorized delegate of a licensee, acting within the scope of authority conferred by a written contract as described in § 51A-17-31, is not required to become licensed pursuant to this chapter. However, any such authorized delegate is subject to all other relevant portions of this chapter.
Source: SL 2008, ch 253, § 5.
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