South Dakota Codified Laws
Title 37 - Trade Regulation
Chapter 05B - Franchise Investment

Section 37-5B-1 - Definitions. - 37-5B-1. Definitions. Terms used in this chapter, unless the context...

Section 37-5B-2 - Jurisdiction. - 37-5B-2. Jurisdiction. This chapter applies to any franchise that is...

Section 37-5B-3 - Offer or sale not made in state. - 37-5B-3. Offer or sale not made in state. An offer...

Section 37-5B-4 - Notice filing required. - 37-5B-4. Notice filing required. It is unlawful for any person...

Section 37-5B-5 - Notice filing provisions. - 37-5B-5. Notice filing provisions. An initial application for the notice...

Section 37-5B-6 - Amendments. - 37-5B-6. Amendments. The director may require the franchisor to alter...

Section 37-5B-7 - Updating disclosure documents. - 37-5B-7. Updating disclosure documents. There is no filing required with...

Section 37-5B-8 - Start-up financial statements. - 37-5B-8. Start-up financial statements. For the purposes of §37-5B-7, a...

Section 37-5B-9 - Phase-in of financial statements. - 37-5B-9. Phase-in of financial statements. For the purposes of §37-5B-7,...

Section 37-5B-10 - Negotiation of terms. - 37-5B-10. Negotiation of terms. This chapter does not prevent the...

Section 37-5B-11 - Signed receipt. - 37-5B-11. Signed receipt. The person offering or selling any franchise...

Section 37-5B-12 - Exemptions from chapter. - 37-5B-12.Exemptions from chapter. The following are exempt from this chapter:...

Section 37-5B-13 - Exemptions from notice filing and obligations to deliver disclosure document. - 37-5B-13. Exemptions from notice filing and obligations to deliver disclosure...

Section 37-5B-14 - Exemptions from notice filing. - 37-5B-14. Exemptions from notice filing. The following franchises are subject...

Section 37-5B-15 - Exemptions by director. - 37-5B-15. Exemptions by director. The director may by rule or...

Section 37-5B-16 - Thresholds. - 37-5B-16. Thresholds. For purposes of the exemptions set forth in...

Section 37-5B-17 - Delivery of disclosure document. - 37-5B-17. Delivery of disclosure document. In connection with the offer...

Section 37-5B-18 - Time of delivery of disclosure document. - 37-5B-18. Time of delivery of disclosure document. For purposes of...

Section 37-5B-19 - Books and records. - 37-5B-19. Books and records. Every franchisor offering or selling a...

Section 37-5B-20 - Burden of proof. - 37-5B-20. Burden of proof. In any proceeding under this chapter...

Section 37-5B-21 - Arbitration. - 37-5B-21. Arbitration. A written provision in a franchise contract evidencing...

Section 37-5B-22 - Consent to service of process. - 37-5B-22. Consent to service of process. Each applicant for notice...

Section 37-5B-23 - Advertisement. - 37-5B-23. Advertisement. No person may publish or cause to be...

Section 37-5B-24 - Fraud--Class 4 felony. - 37-5B-24. Fraud--Class 4 felony. No person may, directly or indirectly,...

Section 37-5B-25 - Fraud--Class 6 felony. - 37-5B-25. Fraud--Class 6 felony. No person may, directly or indirectly,...

Section 37-5B-26 - Prohibited practices. - 37-5B-26. Prohibited practices. No person may, directly or indirectly, in...

Section 37-5B-27 - Director approval not permitted. - 37-5B-27. Director approval not permitted. The director may not approve...

Section 37-5B-28 - Administration. - 37-5B-28. Administration. The director shall administer this chapter. Source: SL...

Section 37-5B-29 - Promulgation of rules. - 37-5B-29. Promulgation of rules. The director may promulgate rules pursuant...

Section 37-5B-30 - Opinions. - 37-5B-30. Opinions. The director may, upon request and upon payment...

Section 37-5B-31 - Filed documents. - 37-5B-31. Filed documents. A document is filed when it is...

Section 37-5B-32 - Records of filings and orders. - 37-5B-32. Records of filings and orders. The director shall maintain...

Section 37-5B-33 - Public and nonpublic records. - 37-5B-33. Public and nonpublic records. Each application, notice and report...

Section 37-5B-34 - Copies of notice filings and orders. - 37-5B-34. Copies of notice filings and orders. The director shall...

Section 37-5B-35 - Investigations. - 37-5B-35. Investigations. The director may make such public or private...

Section 37-5B-36 - Request for information. - 37-5B-36. Request for information. The director may make a written...

Section 37-5B-37 - Subpoena powers. - 37-5B-37. Subpoena powers. For the purpose of any investigation or...

Section 37-5B-38 - Immunity. - 37-5B-38. Immunity. No person is excused from attending and testifying...

Section 37-5B-39 - Unauthorized use of information--Misdemeanor. - 37-5B-39. Unauthorized use of information--Misdemeanor. It is a Class 2...

Section 37-5B-40 - Cooperation with other agencies. - 37-5B-40. Cooperation with other agencies. To encourage uniformity in franchise...

Section 37-5B-41 - Cease and desist orders. - 37-5B-41. Cease and desist orders. The director, with or without...

Section 37-5B-42 - Order to show cause. - 37-5B-42. Order to show cause. As an alternative to the...

Section 37-5B-43 - Civil penalty. - 37-5B-43. Civil penalty. The director may impose a civil penalty...

Section 37-5B-44 - Order or request for hearing. - 37-5B-44. Order or request for hearing. Upon the entry of...

Section 37-5B-45 - Effect of order without hearing. - 37-5B-45. Effect of order without hearing. If no hearing is...

Section 37-5B-46 - Affirmance, modification, or vacation of order. - 37-5B-46. Affirmance, modification, or vacation of order. If a hearing...

Section 37-5B-47 - Civil action by attorney general. - 37-5B-47. Civil action by attorney general. If the director has...

Section 37-5B-48 - Injunctive relief. - 37-5B-48. Injunctive relief. In addition to all other penalties and...

Section 37-5B-49 - Civil damages or rescission. - 37-5B-49. Civil damages or rescission. A person who violates any...

Section 37-5B-50 - Limitation of actions. - 37-5B-50. Limitation of actions. No person may obtain relief for...

Section 37-5B-51 - Pending actions and actions based on prior conduct. - 37-5B-51. Pending actions and actions based on prior conduct. Any...

Section 37-5B-52 - Prior registrations and rulings. - 37-5B-52. Prior registrations and rulings. Any effective registration and administrative...

Section 37-5B-53 - Prior offers and sales. - 37-5B-53. Prior offers and sales. Chapter 37-5A as of June...