ARSD 20:69:12:14. Limitation on plan managers

A plan manager, including the developer if it is also the plan manager, may not undertake the duties, responsibilities, and obligations of managing a time-share plan if the time-share unit is located in the state unless the plan manager files and the commission accepts the following: (1) The time-share plan or plans that it intends to manage; (2) Its principal office address and telephone number; (3) If a corporation, the name, address, and telephone number of its responsible managing employee; (4) A sworn statement from the developer listing the plan manager's duties, responsibilities, and obligations; (5) A sworn statement from the plan manager stating its duties, responsibilities, and obligations, as set out in § 20:69:12:19; and (6) The address where all accounting records, including receipts, expenditures, and payment vouchers, are maintained.