South Dakota § 4-5-29 Investment officer authorized to make transactions--Duty to protect state interests.

South Dakota Statutes

§ 4-5-29 — Investment officer authorized to make transactions--Duty to protect state interests.

South Dakota § 4-5-29

Title 4PUBLIC FISCAL ADMINISTRATION

Ch. 4-3CUSTODY AND INVESTMENT OF STATE FUNDS

This text of South Dakota § 4-5-29 (Investment officer authorized to make transactions--Duty to protect state interests.) 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 § 4-5-29 (2026).

Text

Subject to any limitations, conditions, and restrictions contained in policy making regulations approved by the State Investment Council or contained in state law or the State Constitution, the state investment officer may make purchases, sales, exchanges, and investments, for or on behalf of any of the funds referred to in § 4-5-23 . The state investment officer shall see that moneys invested under the provisions of §§ 4-5-12 to 4-5-39 , inclusive, are at all times handled in the best interests of the state.

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Subject to any limitations, conditions, and restrictions contained in policy making regulations approved by the State Investment Council or contained in state law or the State Constitution, the state investment officer may make purchases, sales, exchanges, and investments, for or on behalf of any of the funds referred to in § 4-5-23 . The state investment officer shall see that moneys invested under the provisions of §§ 4-5-12 to 4-5-39 , inclusive, are at all times handled in the best interests of the state.