{"data":{"id":"us-sd/sdcl-51a-17-87","jurisdiction":"us-sd","citation":"SDCL § 51A-17-87","heading":"Report of bankruptcy, administrative proceeding, or revocation or suspension of license.","body":"(1) A licensee must file a report with the director within one business day after the licensee has reason to know of the occurrence of any of the following events:\n(a) The filing of a petition by or against the licensee under the United States Bankruptcy Code, 11 U.S.C. § 101-110 (January 1, 2024) for bankruptcy or reorganization;\n(b) The filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors; or\n(c) The commencement of a proceeding to revoke or suspend its license in a state or country in which the licensee engages in business or is licensed.\n(2) A licensee must file a report with the director within three business day after the licensee has reason to know of the occurrence of any of the following events:\n(a) A charge or conviction of the licensee or of a key individual or person in control of the licensee for a felony; or\n(b) A charge or conviction of an authorized delegate for a felony.\nSource: SL 2024, ch 196, § 36.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-17. MONEY TRANSMISSION"],"source_url":"https://sdlegislature.gov/Statutes/51A-17-87","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"3b128f94e9e1a95e30ca59ccd367beb77f24f4256c84f98bac48f9cb1e7a4b9c","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-17-86","next":"us-sd/sdcl-51a-17-88"},"notice":"GroundRules: Original legal text. Not legal advice."}