S.D. Admin. R. 20:04:01:37
Current through Register Vol. 51, page 57, November 12, 2024
If a change in the ownership or financial interest in a license occurs, a licensee must report to the commission the full name and address of each person, including lending agencies, who has a right to share in the pari-mutuel revenues, or who has an interest or share in the profits of a license has been pledged or hypothecated as security for a debt or deposited as a security for the performance of an act or to secure the performance of a contract of sale. The report shall be submitted within 30 days after any change in the ownership or financial interest occurs.
S.D. Admin. R. 20:04:01:37
General Authority: SDCL 42-7-56(12)(13).
Law Implemented: SDCL 42-7-47, 42-7-56(12)(13).