SDCL § 51A-17-81: Acquisition of control--Application--Determination.

Before filing an application for approval to acquire control of a licensee a person may request in writing a determination from the director as to whether the person would be considered a person in control of a licensee upon consummation of a proposed transaction. If the director determines that the person would not be a person in control of a licensee, the proposed person and transaction is not subject to the requirements of subdivisions 51A-17-72(1) and (2).

Source: SL 2024, ch 196, § 30.