Skip to main content
Pierre
Review
Dashboard
Bills
Legislature
Rules
Elections
Budget
Blog
Pricing
101st Session · 2026
100th Session · 2025
99th Session · 2024
98th Session · 2023
97th Session · 2022
96th Session · 2021
95th Session · 2020
94th Session · 2019
Login
Home
/
Rules
/
ARSD
/
20:08
/
20:08:04
20:08:04
Registration Requirements And Procedures
Chapter · Administrative Rules of South Dakota ·
View on sdlegislature.gov ↗
Sections (99)
20:08:04:01
Definitions.
20:08:04:02
Selling expenses.
20:08:04:03
Expense limitation for mutual funds.
20:08:04:04
Options to underwriters.
20:08:04:05
Selling security holders.
20:08:04:06
Offering price.
20:08:04:07
Offering price of common stock of issuers not in the promotional or developmental stage.
20:08:04:08
Corporations no longer in the promotional or developmental stage.
20:08:04:09
Cheap stock.
20:08:04:10
Offering price of common stock of issuers in the promotional or developmental stage.
20:08:04:11
Significant earnings.
20:08:04:12
Options and warrants issued to financial institutions.
20:08:04:13
Qualified options and warrants issued to employees and directors.
20:08:04:14
Nonqualified options and warrants issued to employees and directors.
20:08:04:15
Dilution.
20:08:04:16
Escrow of cheap stock.
20:08:04:17
Release from escrow.
20:08:04:18
Transfer of escrowed shares.
20:08:04:19
Rights of escrowed shares.
20:08:04:20
Voting rights of escrowed shares.
20:08:04:21
Terms of escrow in prospectus.
20:08:04:22
Escrow agent.
20:08:04:23
Promoters' investment.
20:08:04:24
Equity investment of promoters.
20:08:04:25
Preferred stock.
20:08:04:26
Debentures.
20:08:04:27
Acquisitions.
20:08:04:28
Promotional companies.
20:08:04:29
Application of preferred stock and debentures rules -- Exemptions.
20:08:04:30
Right of preferred shareholders to representation on board of directors.
20:08:04:31
Protective provisions for preferred shares.
20:08:04:32
Nonconvertible debt securities.
20:08:04:33
Trust indentures.
20:08:04:34
Convertible senior securities.
20:08:04:35
Assessments.
20:08:04:36
Restrictions on transfer.
20:08:04:37
Open-end investment companies.
20:08:04:38
Open-end investment companies -- Cash and cash equivalents.
20:08:04:39
Open-end investment companies -- Restrictions on investments.
20:08:04:40
Open-end investment companies -- Prohibited investments.
20:08:04:41
Open-end investment companies -- Disclosure of investment policies.
20:08:04:42
Open-end investment companies -- Net assets required.
20:08:04:43
Open-end investment companies -- Redemption fee.
20:08:04:44
Open-end investment companies -- Use of affiliated broker-dealers.
20:08:04:45
Open-end investment companies -- Notification of noncompliance.
20:08:04:46
Closed-end investment companies.
20:08:04:47
Closed-end investment companies -- Restrictions on investments.
20:08:04:48
Closed-end investment companies -- Legend required.
20:08:04:49
Transactions with affiliates.
20:08:04:50
Control.
20:08:04:51
Transactions with affiliates -- Authorization.
20:08:04:52
Loans to affiliates.
20:08:04:53
Existing loans to affiliates.
20:08:04:54
Disclosure of affiliate transactions.
20:08:04:55
Real estate programs.
20:08:04:56
Oil and gas programs.
20:08:04:57
Publicly offered cattle feeding programs.
20:08:04:58
Church bonds.
20:08:04:59
Nonprofit health care facility offerings.
20:08:04:60
Real estate investment trusts.
20:08:04:61
Commodity pool programs.
20:08:04:62
Equipment programs.
20:08:04:63
Blind pools.
20:08:04:64
Variable annuities companies and trusts.
20:08:04:65
Variable annuities companies and trusts -- Applications.
20:08:04:66
Variable annuities companies and trusts -- Load permitted.
20:08:04:67
Variable annuities companies and trusts -- Classes of securities.
20:08:04:68
Variable annuities companies and trusts -- Change in securities.
20:08:04:69
Variable annuities companies and trusts -- Source of distributions.
20:08:04:70
Variable annuities companies and trusts -- Inspection of records.
20:08:04:71
Variable annuities companies and trusts -- Fees and expenses.
20:08:04:72
Variable annuities companies and trusts -- Independent contractors.
20:08:04:73
Variable annuities companies and trusts -- Prohibited activities.
20:08:04:74
Additional requirements for variable annuities trusts.
20:08:04:75
Registration by coordination or qualification.
20:08:04:76
Submission of financial statements.
20:08:04:77
Submission of financial statements -- Accountant's report.
20:08:04:78
Impoundment conditions -- When required.
20:08:04:79
Operation of impoundment conditions.
20:08:04:80
Impoundment -- Subscription agreements.
20:08:04:81
Impoundment -- Purchase receipts.
20:08:04:82
Impoundment agent.
20:08:04:83
Impoundment agreement.
20:08:04:84
Release of proceeds.
20:08:04:85
Insufficiency of proceeds.
20:08:04:86
Purchase of securities subject to impoundment by officer, director, promoter underwriter, affiliate, or associate.
20:08:04:87
Removal of impoundment conditions.
20:08:04:88
Requests for variance.
20:08:04:89
Legend required.
20:08:04:90
Quarterly reports.
20:08:04:91
Semiannual reports.
20:08:04:92
Annual reports.
20:08:04:93
Final reports.
20:08:04:94
Sales and advertising literature.
20:08:04:95
Deceptive or misleading promotional practices.
20:08:04:96
Advertisements which need not be filed.
20:08:04:97
Use of rankings or ratings of direct participation programs.
20:08:04:98
Public inspection of records.
20:08:04:99
Records subject to public inspection.