South Dakota Statutes
§ 51A-17-78 — Acquisition of control--Exceptions.
The requirements of subdivisions 51A-17-72 (1) and (2) do not apply to any of the following:
(1)A person that acts as a proxy for the sole purpose of voting at a designated meeting of the shareholders or holders of voting shares or voting interests of a licensee or a person in control of a licensee;
(2)A person that acquires control of a licensee by devise or descent;
(3)A person that acquires control of a licensee as a personal representative, custodian, guardian, conservator, or trustee, or as an officer appointed by a court of competent jurisdiction or by operation of law;
(4)A person that is exempt under subdivision 51A-17-53 (7);
(5)A person that the director determines is not subject to subdivision 51A-17-72 (1) based on the public interest;
(6)A public offeri
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Legislative History
SL 2024, ch 196, § 27.