South Dakota § 43-41B-40 - Open-loop prepaid cards exempt.
Full text of South Dakota South Dakota Codified Laws § 43-41B-40 — Open-loop prepaid cards exempt., with citation guidance and answers to common questions.
§ 43-41B-40. Open-loop prepaid cards exempt.
The provisions of this chapter do not apply to open-loop prepaid cards for which the underlying funds do not expire and the records of the depository institution do not disclose the identity of the actual owner. For the purposes of this section, an open-loop prepaid card is an electronic payment device that meets the following conditions:
(1) Is purchased or loaded, or both, on a prepaid basis for the future purchase or delivery of any goods or services; and
(2) Can be used to purchase goods and services at multiple unaffiliated merchants or service providers.
Source: SL 2010, ch 215, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 43-41B-40
What does South Dakota Codified Laws § 43-41B-40 cover?
Section 43-41B-40 ("Open-loop prepaid cards exempt.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 43-41B-40?
A common citation format is "South Dakota Codified Laws § 43-41B-40" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 43-41B-40 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.