SDCL § 37-25A-8: Filings required to register opportunity.

In order to register a business opportunity, the seller shall file with the director of the Division of Insurance one of the following disclosure documents with the appropriate cover sheet as required by § 37-25A-15, a consent to service of process as specified in § 37-25A-9 and the appropriate fee as required by § 37-25A-10:

(1) A disclosure document prepared pursuant to § 37-25A-15; or

(2) A disclosure document prepared pursuant to 16 C.F.R. Part 437 as of January 1, 2008.