South Dakota § 37-5B-25 Fraud--Class 6 felony.

South Dakota Statutes

§ 37-5B-25 — Fraud--Class 6 felony.

South Dakota § 37-5B-25

Title 37TRADE REGULATION

Ch. 37-5BFRANCHISE INVESTMENT

This text of South Dakota § 37-5B-25 (Fraud--Class 6 felony.) 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 § 37-5B-25 (2026).

Text

No person may, directly or indirectly, in connection with the offer or sale of a franchise willfully:

(1)Make an untrue statement of material fact or 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;

(2)Engage in an act, practice, or course of business which operates or would operate as a fraud or deceit on a person;

(3)Represent to a prospective franchisee that the notice filing of a franchise application constitutes a finding by the director that a disclosure document filed under this chapter is true, complete, and not misleading or that the director has passed upon the merits of the disclosure document and the franchise;

(4)Violate an order of the director after the p

Free access — add to your briefcase to read the full text and ask questions with AI

No person may, directly or indirectly, in connection with the offer or sale of a franchise willfully: (1) Make an untrue statement of material fact or 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; (2) Engage in an act, practice, or course of business which operates or would operate as a fraud or deceit on a person; (3) Represent to a prospective franchisee that the notice filing of a franchise application constitutes a finding by the director that a disclosure document filed under this chapter is true, complete, and not misleading or that the director has passed upon the merits of the disclosure document and the franchise; (4) Violate an order of the director after the person receives notice that the order was issued; (5) Misrepresent that a franchise is notice filed or exempted from notice filing under this chapter; and (6) Omit to state a material fact or make or cause to be made an untrue statement of a material fact in any application, notice, or report filed with the director under this chapter. A violation of this section is a Class 6 felony.