South Dakota Franchise Law
Registration Status:
Franchise Registration State
Relevant State Franchise Law(s):
South Dakota Franchise Investment Law. Also refer to the FTC Franchise Rule.
Relevant Registration Entity:
South Dakota Securities Division
Useful Links:
South Dakota Securities Division and the South Dakota Department of Revenue & Regulation
Statutes relevant to South Dakota franchise law:
Statute 37-5B-2 - Jurisdiction
Statute 37-5B-3 – Offer or Sale Not Made in State
Statute 37-5B-4 – Notice Filing Required
Statute 37-5B-5 – Notice Filing Provisions
Statute 37-5B-7 – Updating Disclosure Documents
Statute 37-5B-8 – Start-up Financial Statements
Statute 37-5B-9 – Phase-in of Financial Statements
Statute 37-5B-10 – Negotiation of Terms
Statute 37-5B-11 – Signed Receipt
Statute 37-5B-12 – Exemption from Chapter
Statute 37-5B-13 – Exemption from Notice Filing and Objections to Deliver Disclosure Document
Statute 37-5B-14 – Exemption from Notice Filing
Statute 37-5B-15 – Exemptions by Director
Statute 37-5B-17 – Delivery of Disclosure Document
Statute 37-5B-18 – Time of Delivery of Disclosure Document
Statute 37-5B-19 – Books and Records
Statute 37-5B-20 – Burden of Proof
Statute 37-5B-21 - Arbitration
Statute 37-5B-22 – Consent to Service of Process
Statute 37-5B-23 – Advertisement
Statute 37-5B-24 – Fraud – Class 4 Felony
Statute 37-5B-25 – Fraud – Class 6 Felony
Statute 37-5B-26 – Prohibited Practices
Statute 37-5B-27 – Director Approval Not Permitted
Statute 37-5B-28 – Administration
Statute 37-5B-29 – Promulgation of Rules
Statute 37-5B-31 – Filed Documents
Statute 37-5B-32 – Records of Filings and Orders
Statute 37-5B-33 – Public and Nonpublic Records
Statute 37-5B-34 – Copies of notice Filings and Orders
Statute 37-5B-35 – Investigations
Statute 37-5B-36 – Request for Information
Statute 37-5B-37 – Subpoena Powers
Statute 37-5B-39 – Unauthorized Use of Information – Misdemeanor
Statute 37-5B-40 – Cooperation with Other Agencies
Statute 37-5B-41 – Cease and Desist Orders
Statute 37-5B-42 – Order to Show Cause
Statute 37-5B-43 – Civil Penalty
Statute 37-5B-44 – Order or Request for Hearing
Statute 37-5B-45 – Effect of Order Without Hearing
Statute 37-5B-46 – Affirmance, Modification, or Vacation of Order
Statute 37-5B-47 – Civil Action by Attorney General
Statute 37-5B-48 – Injunctive Relief
Statute 37-5B-49 – Civil Damages or Rescission
Statute 37-5B-50 – Limitation of Actions
Statute 37-5B-51 – Pending Actions and Actions Based on Prior Conduct
Statute 37-5B-52 – Prior Registrations and Rulings
Statute 37-5B-52 – Prior Offers and Sales
