South Dakota Statutes
§ 37-25A-24 — Period bond required--Notice required prior to lapse.
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.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 37-25A-24 (Period bond required--Notice required prior to lapse.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1985, ch 305, § 24.
Nearby Sections
15
§ 37-1-11.1
Demand by attorney general to produce evidence relating to violations--Service--Contents.§ 37-1-11.2
Petition for enforcement of attorney general's demand--Court order--Protective provisions.§ 37-1-11.4
Self§ 37-1-14.1
Venue of actions for violation.§ 37-1-14.4
Limitation of actions for violations.§ 37-1-15
Repealed§ 37-1-17
Repealed§ 37-1-19
Repealed