South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:36 - ABSTRACTERS
Chapter 20:36:03 - Registration procedure
Section 20:36:03:11 - Transfer of certificate of registration, including transfer of stock in a corporation which retains its identity

Universal Citation: SD Admin Rules 20:36:03:11
Current through Register Vol. 50, page 114, March 25, 2024

Whenever a registered individual, partnership, firm, or corporation shall sell or otherwise transfer its interest to another party, including sale or transfer of stock in a corporation which retains its identity, the board must be notified at least 30 days prior to the date of sale or transfer. The provisions of SDCL 36-13 and chapters 20:36:03 and 20:36:04 herein for the issuance of a new certificate of registration will be followed.

Although no exception is made as to notification of the board prior to the transfer, the sale or transfer of interests in a certificate of registration between husband and wife or parent and child or children will be excepted from qualifying for a new certificate of registration as long as there is a legally registered abstracter who has qualified by examination under the provisions of SDCL 36-13-12 and this chapter who will have personal contact with or responsible supervision of the operations of such firm, partnership, or corporation at all times.

General Authority: SDCL 36-13-6.

Law Implemented: SDCL 36-13-6, 36-13-8, 36-13-11.

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