South Dakota § 37-33-3 "Pyramid promotional scheme" defined.

South Dakota Statutes

§ 37-33-3 — "Pyramid promotional scheme" defined.

South Dakota § 37-33-3

Title 37TRADE REGULATION

Ch. 37-33PYRAMID PROMOTIONAL SCHEMES

This text of South Dakota § 37-33-3 ("Pyramid promotional scheme" defined.) 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 § 37-33-3 (2026).

Text

For the purposes of §§ 37-33-1 to 37-33-11 , inclusive, the term, pyramid promotional scheme, means any plan or operation by which a person gives consideration for the opportunity to receive compensation that is derived primarily from the introduction of other persons into the plan or operation rather than from the sale and consumption of goods, services, or intangible property by a participant or other persons introduced into the plan or operation. The term includes any plan or operation under which the number of persons who may participate is limited either expressly or by the application of conditions affecting the eligibility of a person to receive compensation under the plan or operation, or any plan or operation under which a person, on giving any consideration, obtains any goods, se

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For the purposes of §§ 37-33-1 to 37-33-11 , inclusive, the term, pyramid promotional scheme, means any plan or operation by which a person gives consideration for the opportunity to receive compensation that is derived primarily from the introduction of other persons into the plan or operation rather than from the sale and consumption of goods, services, or intangible property by a participant or other persons introduced into the plan or operation. The term includes any plan or operation under which the number of persons who may participate is limited either expressly or by the application of conditions affecting the eligibility of a person to receive compensation under the plan or operation, or any plan or operation under which a person, on giving any consideration, obtains any goods, services, or intangible property in addition to the right to receive compensation.