# S.D. Codified Laws § 47-31B-301: Securities registration requirement

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-301

## Section

- **Citation:** S.D. Codified Laws § 47-31B-301
- **Heading:** Securities registration requirement
- **Jurisdiction:** South Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SD Code / Title 47 / Chapter 31B / Section 47-31B-301

## 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.

## Nearby sections

- [S.D. Codified Laws § 47-31B-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-101.md)
- [S.D. Codified Laws § 47-31B-102 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-102.md)
- [S.D. Codified Laws § 47-31B-103 References to federal statutes](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-103.md)
- [S.D. Codified Laws § 47-31B-104 References to federal agencies](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-104.md)
- [S.D. Codified Laws § 47-31B-105 Electronic records and signatures](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-105.md)
- [S.D. Codified Laws § 47-31B-201 Exempt securities](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-201.md)
- [S.D. Codified Laws § 47-31B-202 Exempt transactions](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-202.md)
- [S.D. Codified Laws § 47-31B-203 Additional exemptions and waivers](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-203.md)
- [S.D. Codified Laws § 47-31B-204 Denial, suspension, revocation, condition, or limitation of exemptions](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-204.md)
- [S.D. Codified Laws § 47-31B-301 Securities registration requirement](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-301.md)
- [S.D. Codified Laws § 47-31B-302 Notice filing](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-302.md)
- [S.D. Codified Laws § 47-31B-303 Securities registration by coordination](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-303.md)
- [S.D. Codified Laws § 47-31B-304 Securities registration by qualification](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-304.md)
- [S.D. Codified Laws § 47-31B-305 Securities registration filings](https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-305.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SD_T47_C31B_S47-31B-301. Check the current official text before relying on it. Not legal advice.