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

South Dakota Statutes

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

South Dakota § 13-63-7

Title 13EDUCATION

Ch. 13-60HIGHER EDUCATION SAVINGS PLAN

This text of South Dakota § 13-63-7 (Conditions applicable to nonrenewed contracts.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 13-63-7 (2026).

Text

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.

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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.