There is a newer version of this Section
2021 South Dakota Codified Laws
Title 43 - Property
Chapter 15B - Time Share Estates
Section 43-15B-7 - Sale of unregistered project prohibited--Exception--Issuance of restricted licenses.
Universal Citation: SD Codified L § 43-15B-7 (2021)
43-15B-7. Sale of unregistered project prohibited--Exception--Issuance of restricted licenses.
No person may offer to sell in this state any time-share project, or offer to sell outside the state any time-share in a time-share project located within this state without first registering the time-share project with the South Dakota Real Estate Commission. The sale or transfer of a time-share project by an owner other than the developer or sales agent is exempt from this chapter. The Real Estate Commission may issue restricted brokers' or salesmen's licenses for time share brokers or salesmen pursuant to §36-21-28.1.
Source: SL 1983, ch 273, §7; SL 1986, ch 302, §99.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.