ARSD 20:08:07:35
ARSD 20:08:07:35. Merger and consolidation
Cite as S.D. Admin. R. 20:08:07:35
The transactional exemption granted pursuant to SDCL 47-31B-202(18) does not apply if the transaction was made for the purpose of avoiding the registration requirements of SDCL chapter 47-31B.