If the director appoints a hearing officer to preside at the hearing pursuant to § 58-5A-9, the cost of employing the hearing officer shall be borne entirely by the entity making the filing of the information statement required by § 58-5A-4.

The director may retain at the acquiring person‘s expense any attorneys, actuaries, accountants, and other experts not otherwise a part of the director’s staff as may be reasonably necessary to assist the director in reviewing the proposed acquisition of control.

Terms Used In South Dakota Codified Laws 58-5A-11.1

  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2

Source: SL 1985, ch 388; SL 1992, ch 341, § 6.