South Dakota Statutes
§ 3-13A-12 — Transfer of funds from terminated investment selection.
South Dakota·Title 3 PUBLIC OFFICERS AND EMPLOYEES·Ch. 3-12B SOUTH DAKOTA SPECIAL PAY RETIREMENT PROGRAM
If a contract between the state investment officer and a vendor is terminated and a participant fails to notify the executive director or third-party administrator of the participant's new investment selection before the contract terminates, the executive director or third-party administrator shall transfer that participant's account to the investment alternative designated by the state investment officer.
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South Dakota § 3-13A-12 (Transfer of funds from terminated investment selection.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2004, ch 43, § 11; SDCL § 3-12-175; SL 2005, ch 28, § 1; SL 2016, ch 31, § 58.