S.D. Admin. R. 20:18:20:10.01 - Redemption of tickets

A licensed operator who ceases operation of any establishment for any reason must prepare a plan for redeeming tickets that remain outstanding at the conclusion of the final day of business. The licensee must submit the plan in writing to the executive secretary no later than 30 days before the conclusion of the final day of business. 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:

(1) Redemption of outstanding tickets for 90 days after the conclusion of the final day of business or for a longer or shorter period required by the executive secretary;

(2) Redemption of the tickets at the premises of the licensed establishment or at another location approved by the executive secretary;

(3) Publication of notice of the redemption of tickets and the pertinent times and locations of such redemption. The notice must be published in at least two newspapers of general circulation in South Dakota at least twice during each week of the redemption period. Publication is subject to the executive secretary's approval of the form of the notice, the newspapers selection for publication, and specific days of publication; and

(4) Conspicuous posting of the notice of redemption at the licensed establishment or other redemption location.

Notes

S.D. Admin. R. 20:18:20:10.01

35 SDR 184, effective 2/2/2009.

General Authority: SDCL 42-7B-7.

Law Implemented: SDCL 42-7B-7, 41-7B-11(11)(13), 42-7B-17.