South Dakota § 1-16G-77 Permit from GOED--Assignment and transfer of permit and payment--Amended application.

South Dakota Statutes

§ 1-16G-77 — Permit from GOED--Assignment and transfer of permit and payment--Amended application.

South Dakota·Title 1 STATE AFFAIRS AND GOVERNMENT·Ch. 1-16F ECONOMIC DEVELOPMENT

Upon approval of the application by the board, GOED shall issue a permit entitling the person to submit an affidavit for new frontiers payment as provided by § 1-16G-80 . The permit and new frontiers payment is assignable and transferable and may be used as collateral or security pursuant to chapter 57A-9 . If the initial permit holder entity reorganizes into a new entity, the new entity shall file with GOED an amended application within sixty days of the reorganization. If either the permit or new frontiers payment, or both, is assigned or transferred to another entity, the entity shall file with GOED an amended application within sixty days.

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Upon approval of the application by the board, GOED shall issue a permit entitling the person to submit an affidavit for new frontiers payment as provided by § 1-16G-80 . The permit and new frontiers payment is assignable and transferable and may be used as collateral or security pursuant to chapter 57A-9 . If the initial permit holder entity reorganizes into a new entity, the new entity shall file with GOED an amended application within sixty days of the reorganization. If either the permit or new frontiers payment, or both, is assigned or transferred to another entity, the entity shall file with GOED an amended application within sixty days.

South Dakota § 1-16G-77 (Permit from GOED--Assignment and transfer of permit and payment--Amended application.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.