South Dakota § 37-25A-43 Fraud, deceit, and misleading statements and omissions prohibited in connection with offer or sale.

South Dakota Statutes

§ 37-25A-43 — Fraud, deceit, and misleading statements and omissions prohibited in connection with offer or sale.

South Dakota § 37-25A-43

Title 37TRADE REGULATION

Ch. 37-25ABUSINESS OPPORTUNITIES

This text of South Dakota § 37-25A-43 (Fraud, deceit, and misleading statements and omissions prohibited in connection with offer or sale.) 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-43 (2026).

Text

No person, in connection with the offer or sale of any business opportunity in this state, may:

(1)Employ any device, scheme, or artifice to defraud;

(2)Make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or (3) Engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.

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No person, in connection with the offer or sale of any business opportunity in this state, may: (1) Employ any device, scheme, or artifice to defraud; (2) Make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or (3) Engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.