S.D. Admin. R. 20:18:20:10 - Redemption and disposal of discontinued chips and tokens
A licensee who permanently removes from use or replaces chips or tokens at the licensee's establishment or who ceases operating the establishment for any reason must prepare a plan for redeeming discontinued chips and tokens that remain outstanding at the time of discontinuance. The licensee must submit the plan in writing to the executive secretary no later than 30 days before the discontinuance. If the cause for discontinuance of the chips or tokens cannot reasonably be anticipated, the licensee must submit the plan as soon as practicable. The executive secretary may approve the plan or require modifications as a condition of approval. Upon approval of the plan, the licensee must implement the plan as approved. In addition to other provisions the executive secretary may approve or require, the plan must provide the following:
Discontinued chips must be disposed in a manner approved by the executive secretary.
General Authority: SDCL 42-7B-7.
Law Implemented: SDCL 42-7B-7, 42-7B-11(13).
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