{"data":{"id":"us-sd/sdcl-37-5b-25","jurisdiction":"us-sd","citation":"SDCL § 37-5B-25","heading":"Fraud--Class 6 felony.","body":"No person may, directly or indirectly, in connection with the offer or sale of a franchise willfully:\n(1) Make an untrue statement of material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading;\n(2) Engage in an act, practice, or course of business which operates or would operate as a fraud or deceit on a person;\n(3) Represent to a prospective franchisee that the notice filing of a franchise application constitutes a finding by the director that a disclosure document filed under this chapter is true, complete, and not misleading or that the director has passed upon the merits of the disclosure document and the franchise;\n(4) Violate an order of the director after the person receives notice that the order was issued;\n(5) Misrepresent that a franchise is notice filed or exempted from notice filing under this chapter; and\n(6) Omit to state a material fact or make or cause to be made an untrue statement of a material fact in any application, notice, or report filed with the director under this chapter.\nA violation of this section is a Class 6 felony.","path":["TITLE 37. TRADE REGULATION","CHAPTER 37-5B. FRANCHISE INVESTMENT"],"source_url":"https://sdlegislature.gov/Statutes/37-5B-25","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"d57036ff2c9b925b10f1b938390a2a354cb3a51309b156389b37dec42f2a3711","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-37-5b-24","next":"us-sd/sdcl-37-5b-26"},"notice":"GroundRules: Original legal text. Not legal advice."}