South Dakota Statutes
§ 37-5B-11 — Signed receipt.
The person offering or selling any franchise subject to the requirements of §§ 37-5B-17 and 37-5B-18 shall obtain a receipt, signed by the prospective franchisee, acknowledging that the prospective franchisee has received a copy of the disclosure document prior to the prospective franchisee affixing a signature to any franchise or other agreement and prior to the payment of any consideration by the prospective franchisee. The receipt shall be kept in the possession of the franchise seller, subject to inspection by the director, for a period of three years from the date the receipt is taken.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 37-5B-11 (Signed receipt.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2008, ch 203, § 11.
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Repealed§ 37-1-17
Repealed§ 37-1-19
Repealed