S.D. Admin. R. 20:08:07:35 - Merger and consolidation

The transactional exemption granted pursuant to SDCL 47-31B-202(18) does not apply if the transaction was made for the purpose of avoiding the registration requirements of SDCL chapter 47-31 B.


S.D. Admin. R. 20:08:07:35
30 SDR 211, effective July 1, 2004.

General Authority: SDCL 47-31B-605(a)(1).

Law Implemented: SDCL 47-31B-202(18).

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