43-15A-22. Material change in offering prohibited without written notice.
It is a Class 1 misdemeanor for the developer of the project, after an offering is submitted to the Real Estate Commission, to materially change the setup or value or use of such offering without first notifying the commission in writing of such intended change and substantially notifying all purchasers and prospective buyers of such change.
Source: SL 1975, ch 270, §17; SL 1983, ch 15, §2; SL 1986, ch 302, §91.
Structure South Dakota Codified Laws
Section 43-15A-1 - Definition of terms.
Section 43-15A-2 - Estates subject to chapter.
Section 43-15A-3 - Establishment of condominium project--Master deed or lease.
Section 43-15A-4 - Particulars required in master deed or lease.
Section 43-15A-5 - Common areas defined.
Section 43-15A-6 - Joint or common ownership.
Section 43-15A-7 - Exclusive and common rights of owners.
Section 43-15A-8 - Recording of transfers and encumbrances of individual units.
Section 43-15A-9 - Recording of master deeds and leases--Tax inapplicable to original recordation.
Section 43-15A-11 - Fee to accompany notice of intent--Questionnaire--Form and content.
Section 43-15A-12 - Inspection of condominium project.
Section 43-15A-13 - Waiver of initial inspection.
Section 43-15A-15 - Deposit and expenditure of fees.
Section 43-15A-16 - Public report of examination findings--Status of report.
Section 43-15A-20 - True copies to be exact reproductions of commission's reports.
Section 43-15A-21 - Receipts kept by developer--Inspection--Duration.
Section 43-15A-22 - Material change in offering prohibited without written notice.
Section 43-15A-23 - Deposits held in escrow until delivery of deed.
Section 43-15A-25 - False statement, fraud, or violation of provisions as misdemeanor.
Section 43-15A-30 - Promulgation of rules to administer and enforce chapter.