Securities registration requirement

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SD Code › Title 47 › Chapter 31B › Section 47-31B-301

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

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.

Source: SL 2004, ch 278, § 10.

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