12 : 82 : 02 : 11 . Processor license approval -- Processor license fee -- License number -- License non-transferable. The department shall notify a processor license applicant when the application has been approved or denied. Upon notification of approval, the applicant shall remit to the department a license fee in the amount of two thousand dollars. Upon approval and receipt of the processor license fee, the department shall assign the licensee a processor license number and the processor license will be sent to the licensee.

The processor license number may not be duplicated or reassigned to any other licensee by the department. A licensee shall retain the same processor number for all subsequent licenses. Licenses are non-transferable.

Source: 47 SDR 75 , effective December 28, 2020; 49 SDR 47, effective November 22, 2022 .

General Authority: SDCL 38-35-11 (1).

Law Implemented: SDCL 38-35-7 .

Prior versions effective: 2020-12-28.