South Dakota § 58-30-169 Unreported knowledge by partners, officers, or managers of violation as grounds for penalty.

South Dakota Statutes

§ 58-30-169 — Unreported knowledge by partners, officers, or managers of violation as grounds for penalty.

South Dakota § 58-30-169

Title 58INSURANCE

Ch. 58-29FINSURANCE PRODUCERS

This text of South Dakota § 58-30-169 (Unreported knowledge by partners, officers, or managers of violation as grounds for penalty.) 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 § 58-30-169 (2026).

Text

The license of a business entity may be suspended, revoked, refused, or the director may accept a monetary penalty in accordance with § 58-4-28.1 , or any combination thereof, if the director finds, after hearing, that an individual licensee's violation was known or should have been known by one or more of the partners, officers, or managers acting on behalf of the partnership or corporation and the violation was neither reported to the director nor corrected.

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

The license of a business entity may be suspended, revoked, refused, or the director may accept a monetary penalty in accordance with § 58-4-28.1 , or any combination thereof, if the director finds, after hearing, that an individual licensee's violation was known or should have been known by one or more of the partners, officers, or managers acting on behalf of the partnership or corporation and the violation was neither reported to the director nor corrected.