§ 20:69:12:11

ARSD 20:69:12:11

Filing of option unacceptable.

Effective Jul 1, 198612 SDR 155Source: 10 SDR 68, effective January 1, 1984; 12 SDR 102, effective December 22, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; transferred from § 20:56:20:11, August 16, 1993. | General Authority: SDCL 36-21A-89 , 43-15B-6. | Law Implemented: SDCL 43-15B-2 , 43-15B-3 , 43-15B-6 , 43-15B-7.

A developer who has only an option to purchase a property for a time-share plan may not file with the commission.

Source: 10 SDR 68, effective January 1, 1984; 12 SDR 102, effective December 22, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; transferred from § 20:56:20:11, August 16, 1993.

General Authority: SDCL 36-21A-89 , 43-15B-6.

Law Implemented: SDCL 43-15B-2 , 43-15B-3 , 43-15B-6 , 43-15B-7.