South Dakota § 4-5-27 Prudent

South Dakota Statutes

§ 4-5-27 — Prudent

South Dakota § 4-5-27

Title 4PUBLIC FISCAL ADMINISTRATION

Ch. 4-3CUSTODY AND INVESTMENT OF STATE FUNDS

This text of South Dakota § 4-5-27 (Prudent) 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 § 4-5-27 (2026).

Text

Any investments under the provisions of §§ 4-5-12 to 4-5-39 , inclusive, shall be made with the exercise of that degree of judgment and care, under circumstances then prevailing, which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not for speculation but for investment, considering the probable safety of their capital as well as the probable income to be derived.

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

Any investments under the provisions of §§ 4-5-12 to 4-5-39 , inclusive, shall be made with the exercise of that degree of judgment and care, under circumstances then prevailing, which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not for speculation but for investment, considering the probable safety of their capital as well as the probable income to be derived.