South Dakota Statutes
§ 47-31B-405 — Federal covered investment adviser notice filing requirement.
South Dakota § 47-31B-405
This text of South Dakota § 47-31B-405 (Federal covered investment adviser notice filing requirement.) 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 § 47-31B-405 (2026).
Text
(a)Notice filing requirement. Except with respect to a federal covered investment adviser described in subsection (b), it is unlawful for a federal covered investment adviser to transact business in this state as a federal covered investment adviser unless the federal covered investment adviser complies with subsection (c).
(b)Notice filing requirement not required. The following federal covered investment advisers are not required to comply with subsection (c):
(1)A federal covered investment adviser without a place of business in this state if its only clients in this state are:
(A)Federal covered investment advisers, investment advisers registered under this chapter, and broker - dealers registered under this chapter;
(B)Institutional investors;
(C)Bona fide preexistin
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Legislative History
SL 2004, ch 278, § 21.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-31B-405, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-31B-405.