An offer to sell is not made in this state if:

(1) The publisher circulates in this state any bona fide newspaper or other publication of general, regular and paid circulation which is not published in this state, or which is published in this state but has had more than twothirds of its circulation outside this state during the past twelve months; or

Terms Used In South Dakota Codified Laws 37-25A-40

  • offer to sell: includes every attempt to dispose of a business opportunity for value or solicitation of an offer to purchase a business opportunity. See South Dakota Codified Laws 37-25A-1

(2) A radio or television program originating outside this state is received in this state.

Source: SL 1985, ch 305, § 40.