There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-14-4 — Authorized investments.
55-14-4. Authorized investments. In addition to an investment otherwise authorized by law or by the applicable gift instrument, and without restriction to investments a fiduciary may make, the governing board, subject to any specified limitations set forth in the applicable gift instrument or in the applicable law other than law relating to investments by a fiduciary, may:
(1) Invest and reinvest an institutional
fund in any real or personal property deemed advisable by the
governing board, whether or not it produces a current return,
including mortgages, stocks, bonds, debentures, and other
securities of profit or nonprofit corporations, shares in or
obligations of associations, partnerships, or individuals, and
obligations of any government or subdivision or instrumentality
thereof;
(2) Retain property contributed by a donor
to an institutional fund for as long as the governing board deems
advisable;
(3) Include all or any part of an
institutional fund in any pooled or common fund maintained by the
institution; and
(4) Invest all or any part of an
institutional fund in any other pooled or common fund available for
investment, including shares or interests in regulated investment
companies, mutual funds, common trust funds, investment
partnerships, real estate investment trusts, or similar
organizations in which funds are commingled and investment
determinations are made by persons other than the governing
board.
Source: SL 2000, ch 230, § 4.
Source: SL 2000, ch 230, § 4.
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