South Dakota Statutes
§ 51A-17-78 — Acquisition of control--Exceptions.
South Dakota § 51A-17-78
This text of South Dakota § 51A-17-78 (Acquisition of control--Exceptions.) 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 § 51A-17-78 (2026).
Text
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.
Nearby Sections
15
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Bluebook (online)
South Dakota § 51A-17-78, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/51A-17-78.