South Dakota § 51A-17-67 Multistate licensing process--Investigations.

South Dakota Statutes

§ 51A-17-67 — Multistate licensing process--Investigations.

South Dakota·Title 51A BANKS AND BANKING·Ch. 51A-16 MONEY TRANSMISSION

If an applicant avails itself or is otherwise subject to a multistate licensing process:

(1)The director is authorized and encouraged to accept the investigation results of a lead investigative state for the purpose of § 51A-17-66 if the lead investigative state has sufficient staffing, expertise, and minimum standards; or (2) If the division is a lead investigative state, the director is authorized and encouraged to investigate the applicant pursuant to § 51A-17-66 and the timeframes established by agreement through the multistate licensing process, provided, however, that in no case shall such a timeframe be noncompliant with the application period in § 51A-17-64 .

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If an applicant avails itself or is otherwise subject to a multistate licensing process: (1) The director is authorized and encouraged to accept the investigation results of a lead investigative state for the purpose of § 51A-17-66 if the lead investigative state has sufficient staffing, expertise, and minimum standards; or (2) If the division is a lead investigative state, the director is authorized and encouraged to investigate the applicant pursuant to § 51A-17-66 and the timeframes established by agreement through the multistate licensing process, provided, however, that in no case shall such a timeframe be noncompliant with the application period in § 51A-17-64 .

South Dakota § 51A-17-67 (Multistate licensing process--Investigations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.