{"data":{"id":"us-sd/sdcl-47-31b-301","jurisdiction":"us-sd","citation":"SDCL § 47-31B-301","heading":"Securities registration requirement.","body":"It is unlawful for a person to offer or sell a security in this state unless:\n(1) The security is a federal covered security;\n(2) The security, transaction, or offer is exempted from registration under §§ 47-31B-201 through 47-31B-203; or\n(3) The security is registered under this chapter.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-31B. UNIFORM SECURITIES ACT OF 2002"],"source_url":"https://sdlegislature.gov/Statutes/47-31B-301","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"f9cbd0ada419c3cb4227f12771fe8f5a7362781981fc114d5416b806f2b31617","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-31b-204","next":"us-sd/sdcl-47-31b-302"},"notice":"GroundRules: Original legal text. Not legal advice."}