South Dakota § 13-63-7 Conditions applicable to nonrenewed contracts.

South Dakota Statutes

§ 13-63-7 — Conditions applicable to nonrenewed contracts.

South Dakota·Title 13 EDUCATION·Ch. 13-60 HIGHER EDUCATION SAVINGS PLAN

If a contract executed between the council and a financial institution pursuant to this chapter is not renewed, all of the following conditions apply at the end of the term of the nonrenewed contract:

(1)Accounts previously established and held in investment instruments at the financial institution may not be terminated;

(2)Additional contributions may be made to the accounts; and (3) No new accounts may be placed with that financial institution.

Free access — add to your briefcase to read the full text and ask questions with AI

If a contract executed between the council and a financial institution pursuant to this chapter is not renewed, all of the following conditions apply at the end of the term of the nonrenewed contract: (1) Accounts previously established and held in investment instruments at the financial institution may not be terminated; (2) Additional contributions may be made to the accounts; and (3) No new accounts may be placed with that financial institution.

South Dakota § 13-63-7 (Conditions applicable to nonrenewed contracts.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.