ARSD 20:08:07:21

ARSD 20:08:07:21. Real estate and mortgage-backed securities

Last amended: 2004Year: 2026Length: 30 wordsOfficial source

Cite as S.D. Admin. R. 20:08:07:21

The exemption for real estate and mortgage-backed securities specified in SDCL 47-31B-202(11) does not include any transaction which involves a security that is an investment contract or a profit-sharing agreement.
ARSD 20:08:07:21: ARSD 20:08:07:21. Real estate and mortgage-backed securities | Justis AI