A financial institution that has a security interest in gaming devices or licensed gaming premises and that has foreclosed its interest in the devices or premises, and has obtained title to them or has certified a default and its intent to exercise rights to possession under the terms of the security interest may be licensed by the commission on an emergency basis, with, without, or during a background investigation, after receipt of the application and payment of fees.

Source: 16 SDR 233, effective July 1, 1990; 23 SDR 126, effective February 13, 1997 ; 50 SDR 145, effective June 11, 2024 .

General Authority: SDCL 42-7B-7 , 42-7B-11 .

Law Implemented: SDCL 42-7B-2.1 , 42-7B-3 , 42-7B-7 , 42-7B-11 , 42-7B-18 , 42-7B-19 , 42-7B-21 , 42-7B-22 , 42-7B-24 , 42-7B-25 , 42-7B-33 .

Prior versions effective: 1997-02-13.