South Dakota Statutes

§ 37-25A-20 — Summary suspension or postponement of effectiveness of registration--Notice--Hearing--Modification.

South Dakota § 37-25A-20
JurisdictionSouth Dakota
Title 37TRADE REGULATION
Ch. 37-25ABUSINESS OPPORTUNITIES

This text of South Dakota § 37-25A-20 (Summary suspension or postponement of effectiveness of registration--Notice--Hearing--Modification.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
S.D. Codified Laws § 37-25A-20 (2026).

Text

The director of the Division of Insurance may by order summarily postpone or suspend the effectiveness of the registration pending final determination of any proceeding under this chapter. Upon the entry of the order, the director shall promptly notify the seller that the order has been entered and of the reasons therefor and that within fifteen days after the receipt of a written request the matter shall be set for hearing. If no hearing is requested and none is ordered by the director, the order shall remain in effect until it is modified or vacated by the director. If a hearing is requested or ordered, the director, after notice of an opportunity for hearing to the seller, may modify, vacate, or extend the order until final determination.

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Legislative History

SL 1985, ch 305, § 20; SL 2017, ch 231 (Ex. Ord.

Nearby Sections

15
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Bluebook (online)
South Dakota § 37-25A-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/37-25A-20.