South Dakota § 13-63-8 Termination of contract for good cause--Transfer of accounts.

South Dakota Statutes

§ 13-63-8 — Termination of contract for good cause--Transfer of accounts.

South Dakota § 13-63-8

Title 13EDUCATION

Ch. 13-60HIGHER EDUCATION SAVINGS PLAN

This text of South Dakota § 13-63-8 (Termination of contract for good cause--Transfer of accounts.) 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 § 13-63-8 (2026).

Text

The council may terminate a contract with a financial institution at any time for good cause. If a contract is terminated, the council shall take custody of accounts held at that financial institution and shall seek to promptly transfer the accounts to another financial institution that is selected as a program manager and into investment instruments as similar to the original investments as possible.

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The council may terminate a contract with a financial institution at any time for good cause. If a contract is terminated, the council shall take custody of accounts held at that financial institution and shall seek to promptly transfer the accounts to another financial institution that is selected as a program manager and into investment instruments as similar to the original investments as possible.