Section 36-21A-92 - Definition of terms for §§ 36-21A-92 to 36-21A-100. - South Dakota Statutes

36-21A-92. Definition of terms for §§ 36-21A-92 to 36-21A-100. Terms used in §§ 36-21A-92 to 36-21A-100, inclusive, mean:
(1) "Commission," the South Dakota Real Estate Commission;
(2) "Person," an individual, corporation, limited liability company, partnership, limited partnership, association, joint venture or any other entity, foreign or domestic;
(3) "Subdivider," a person who causes land to be subdivided into a subdivision for that person or others, or who undertakes to develop a subdivision. However, this does not include a public agency or officer authorized by law to create subdivisions;
(4) "Subdivision," or "subdivided land," any real estate offered for sale and which has been registered under the Interstate Land Sales Full Disclosure Act, 82 Stat. 590 and following, 15 U.S.C. 1701 and following, as such Act existed on January 1, 1980, or real estate located out of this state which is divided or proposed to be divided into fifty or more lots, parcels or units.

Source: SL 1992, ch 273, § 92; SL 1994, ch 351, § 81.