§ 20:06:04:37

ARSD 20:06:04:37

Establishing market price.

Effective Jul 1, 198612 SDR 155Source: 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986. | General Authority: SDCL 58-5-73 , 58-5-77. | Law Implemented: SDCL 58-5-70 to 58-5-73.

The burden of establishing market price of a security for the purpose of §§ 20:06:04:31 to 20:06:04:37, inclusive, shall rest upon the person claiming the exemption.

Source: 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 58-5-73 , 58-5-77.

Law Implemented: SDCL 58-5-70 to 58-5-73.