South Dakota Statutes

§ 51A-17-116 — Order to cease and desist--Service.

South Dakota·Title 51A BANKS AND BANKING·Ch. 51A-16 MONEY TRANSMISSION
(1)If the director has reason to believe that a person has violated or is violating § 51A-17-59 , the director may issue an order to show cause why an order to cease and desist should not issue requiring that the person cease and desist from the violation of § 51A-17-59 .
(2)In an emergency, the director may petition the circuit court for the issuance of a temporary restraining order ex parte pursuant to the rules of civil procedure.
(3)An order to cease and desist becomes effective upon service of it upon the person.
(4)An order to cease and desist remains effective and enforceable pending the completion of an administrative proceeding pursuant to chapter 1-26 .
(5)A person that is served with an order to cease and desist for violating § 51A-17-59 may petition the circ

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

South Dakota § 51A-17-116 (Order to cease and desist--Service.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 2024, ch 196, § 65.

Nearby Sections

15
View on official source ↗