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Code · South Dakota · Title 47 · Chapter 47-31

47-31B-301. Securities registration requirement.

49 words·~1 min read·/sd/title-47/chapter-47-31/47-31b-301

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

It is unlawful for a person to offer or sell a security in this state unless:
(1)The security is a federal covered security;
(2)The security, transaction, or offer is exempted from registration under §§ 47-31B-201 through 47-31B-203 ; or
(3)The security is registered under this chapter.
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