20:04:33:21Individuals subject to application and
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Rulemaking activity
background investigations. If the applicant for a license as a multi-jurisdictional totalizator hub is a corporation, shareholders holding five percent or more of the corporation’s stock must file an application and consent to a background investigation to determine the suitability for licensure. The commission may require any shareholder owning less than five percent of the corporation’s stock to file an application and consent to a background investigation to determine the stockholder’s suitability for licensure. If the applicant for a license as a multi-jurisdictional totalizator hub is a formal or an informal partnership each partner must file an application and consent to a background investigation to determine the applicant’s suitability for licensure.
Source: 32 SDR 32, effective August 30, 2005.