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§ 42-7-65 Transfer of license or stock ownership subject to approval--Standards applied.

SD Codified L § 42-7-65 (2019) (N/A)
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42-7-65. Transfer of license or stock ownership subject to approval--Standards applied. All transfers of licenses to collect or disburse money under the certificate system or transfers of stock in a corporation holding a license shall be subject to prior review and approval by the commission, and the disclosure requirements as provided in § 42-7-59. The commission may approve minor transfers of stock without a hearing. The commission shall apply the standards provided in § 42-7-91 in determining whether it shall permit a transfer of stock.

Source: SL 1978, ch 302, § 18; SL 1991, ch 349, § 17; SL 2005, ch 229, § 4.

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