South Dakota § 54-4-43 Investigation of facts concerning license application--Requirements for grant of license.

South Dakota Statutes

§ 54-4-43 — Investigation of facts concerning license application--Requirements for grant of license.

South Dakota·Title 54 DEBTOR AND CREDITOR·Ch. 54-3A MONEY LENDING LICENSES

The director shall investigate the facts concerning the application. The director may review and consider the relevant business records of the applicant and the competence, experience, integrity, and financial ability of any person who is a member, partner, director, officer, or twenty-five percent or more shareholder of the business. If the director finds that the financial responsibility, financial condition, business experience, character, and general fitness of the applicant reasonably warrant the belief that the business will be conducted lawfully and fairly, the director may grant a license based on the findings.

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The director shall investigate the facts concerning the application. The director may review and consider the relevant business records of the applicant and the competence, experience, integrity, and financial ability of any person who is a member, partner, director, officer, or twenty-five percent or more shareholder of the business. If the director finds that the financial responsibility, financial condition, business experience, character, and general fitness of the applicant reasonably warrant the belief that the business will be conducted lawfully and fairly, the director may grant a license based on the findings.

South Dakota § 54-4-43 (Investigation of facts concerning license application--Requirements for grant of license.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.