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.
Notes
General Authority: SDCL 47-31B-605(a)(1).
Law Implemented: SDCL 47-31B-202(18).
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