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Form a Business

Securities registration requirement.

SDCL § 47-31B-301
in effect
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47-31B-301. Securities registration requirement. 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. SL 2004, ch 278, § 10.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-31B-301Fetched: 10/20/2026

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