South Dakota Codified Laws 43-15A-22. Material change in offering prohibited without written notice
Current as of: 2023 | Check for updates
|
Other versions
It is a Class 1 misdemeanor for the developer of the project, after an offering is submitted to the Real Estate Commission, to materially change the setup or value or use of such offering without first notifying the commission in writing of such intended change and substantially notifying all purchasers and prospective buyers of such change.
Attorney's Note
Under the South Dakota Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 1 misdemeanor | up to 1 year | up to $2,00 |
Source: SL 1975, ch 270, § 17; SL 1983, ch 15, § 2; SL 1986, ch 302, § 91.