South Dakota § 37-5B-50 Limitation of actions.

South Dakota Statutes

§ 37-5B-50 — Limitation of actions.

South Dakota § 37-5B-50

Title 37TRADE REGULATION

Ch. 37-5BFRANCHISE INVESTMENT

This text of South Dakota § 37-5B-50 (Limitation of actions.) 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-50 (2026).

Text

No person may obtain relief for an action pursuant to § 37-5B-49 :

(1)In an action for rescission pursuant to §§ 37-5B-4 , 37-5B-7 to 37-5B-9 , inclusive, or 37-5B-17 unless the action is instituted within one year after the violation occurred;

(2)In an action for actual damages, costs, and attorneys and experts fees unless instituted within the earlier of two years after discovery of the facts constituting the violation or three years after the violation; or (3) Upon receipt by the franchisee of a rescission offer in a form approved by the director unless the action is instituted within ninety days after the receipt by the franchisee of a rescission.

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No person may obtain relief for an action pursuant to § 37-5B-49 : (1) In an action for rescission pursuant to §§ 37-5B-4 , 37-5B-7 to 37-5B-9 , inclusive, or 37-5B-17 unless the action is instituted within one year after the violation occurred; (2) In an action for actual damages, costs, and attorneys and experts fees unless instituted within the earlier of two years after discovery of the facts constituting the violation or three years after the violation; or (3) Upon receipt by the franchisee of a rescission offer in a form approved by the director unless the action is instituted within ninety days after the receipt by the franchisee of a rescission.