37-25A-6. Offer or sale without knowledge of order revoking or denying exemption.
No person is considered to have violated §37-25A-7 by reason of any offer or sale effected after the entry of an order under §37-25A-5 if he establishes that he did not know and, in the exercise of reasonable care, could not have known, of the order.
Source: SL 1985, ch 305, §6.
Structure South Dakota Codified Laws
Chapter 25A - Business Opportunities
Section 37-25A-1 - Definitions.
Section 37-25A-2 - Exclusions from definition of business opportunity.
Section 37-25A-3 - Exemptions.
Section 37-25A-4 - Revocation or denial of exemption--Procedure.
Section 37-25A-6 - Offer or sale without knowledge of order revoking or denying exemption.
Section 37-25A-7 - Offer or sale of opportunity not registered or exempt prohibited.
Section 37-25A-8 - Filings required to register opportunity.
Section 37-25A-10 - Fee for registration.
Section 37-25A-11 - Effective date of registration.
Section 37-25A-12 - Term of registration--Renewal statement and fee--Sales report.
Section 37-25A-13 - Rule requiring filing of advertising and literature authorized.
Section 37-25A-14 - Delivery of written disclosure document to purchaser required.
Section 37-25A-15 - Form and content of disclosure statement.
Section 37-25A-16 - Business opportunity contract to be written--Copy to purchaser.
Section 37-25A-17 - Required contract provisions.
Section 37-25A-18 - Denial, revocation, or suspension of registration--Grounds.
Section 37-25A-19 - Limitation of revocation, suspension, or denial proceeding.
Section 37-25A-21 - Prerequisites to entry of stop order.
Section 37-25A-22 - Vacation or modification of orders--Grounds.
Section 37-25A-24 - Period bond required--Notice required prior to lapse.
Section 37-25A-25 - Use or disclosure of information by director restricted.
Section 37-25A-27 - Administration of oaths--Subpoena power--Taking evidence.
Section 37-25A-28 - Enforcement of subpoena.
Section 37-25A-31 - Appeal of director's order.
Section 37-25A-32 - Promulgation of rules and forms.
Section 37-25A-34 - Liability not imposed on acts conforming to rule, form or order.
Section 37-25A-35 - Receipt by director as filing--Records maintained--Public inspection.
Section 37-25A-36 - Interpretive opinions by director--Fee.
Section 37-25A-37 - Sales and offers subject to chapter.
Section 37-25A-38 - Offers to sell made in this state.
Section 37-25A-39 - Offers to sell accepted in this state.
Section 37-25A-40 - Offers to sell not made in this state.
Section 37-25A-41 - Conduct constituting appointment of director as attorney for service of process.
Section 37-25A-42 - Continuances where process served under chapter.
Section 37-25A-46 - Advertising with misleading statements or omissions prohibited.
Section 37-25A-47 - Violations as felonies--Separate offenses.
Section 37-25A-48 - Civil liability for registration violations.
Section 37-25A-49 - Civil liability for representation violations.
Section 37-25A-50 - Action on bond.
Section 37-25A-51 - Liability of person aiding or controlling violator.
Section 37-25A-52 - Limitation of actions to enforce civil liability.
Section 37-25A-53 - Rights and remedies under chapter additional.