20 : 77 : 03 : 06 . Change of ownership -- new application. If a registered appraisal m a nagement company has a change of ownership that results in a new owner that holds 10% or greater interest or a change in ownership that increases an existing individual's total ownership to 10% or greater interest, it shall apply in writing for a certificate of registration as a new appraisal management company under this article and shall complete an irrevocable Uniform Consent to Service of Process on a form approved by the secretary.

Source: 45 SDR 45, effective October 8, 2018.

General Authority: SDCL 36-21D-4(1)(4) .

Law Implemented: SDCL 36-21D-1 , 36-21D-4(1)(4).