South Dakota Statutes

§ 37-25A-24 — Period bond required--Notice required prior to lapse.

South Dakota § 37-25A-24
JurisdictionSouth Dakota
Title 37TRADE REGULATION
Ch. 37-25ABUSINESS OPPORTUNITIES

This text of South Dakota § 37-25A-24 (Period bond required--Notice required prior to lapse.) 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-24 (2026).

Text

If the seller is required to obtain a surety bond, the seller shall maintain a surety bond for the duration of the guarantee or representation giving rise to the surety bond requirement. Upon expiration of the period of the guarantee, the seller may allow the surety bond to lapse if the seller gives notice to the director and all business opportunity purchasers in this state at least thirty days prior to the lapse of the bond.

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Legislative History

SL 1985, ch 305, § 24.

Nearby Sections

15
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Bluebook (online)
South Dakota § 37-25A-24, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/37-25A-24.