42-7A-16. Association or corporation as lottery retailer or video lottery machine operator.
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/sd/title-42/chapter-42-7/42-7a-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For an association or corporation to be selected as a lottery retailer or video lottery machine operator, the association or corporation shall meet the requirements of subdivisions 42-7A-13(3) and (4), and each officer and director and each stockholder who owns five percent or more of the stock of such association or corporation shall meet the requirements of subdivisions 42-7A-13(1) and
(2)and subdivisions 42-7A-14(1) to (5), inclusive.