South Dakota Statutes

§ 58-12-10 — Benefits, rights, privileges, or options nontransferable under annuity contract--Not subject to commutation--Exemption from execution.

South Dakota § 58-12-10
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-11AINSURANCE CLAIMS AND BENEFITS

This text of South Dakota § 58-12-10 (Benefits, rights, privileges, or options nontransferable under annuity contract--Not subject to commutation--Exemption from execution.) 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 § 58-12-10 (2026).

Text

If an annuity contract so provides, the benefits, rights, privileges, or options accruing under such contract to a beneficiary or assignee shall not be transferable nor subject to commutation, and if the benefits are payable periodically or at stated times, the same exemptions and exceptions contained in §§ 58-12-6 to 58-12-9 , inclusive, for the annuitant, shall apply with respect to such beneficiary or assignee.

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Legislative History

SL 1966, ch 111, ch 22, § 32 (2).

Nearby Sections

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Bluebook (online)
South Dakota § 58-12-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-12-10.