There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 13 EDUCATION
Chapter 55E. Advance Payment of Higher Education Costs
§13-55E-7 Nontransferability--Substitution of beneficiary.
SD Codified L § 13-55E-7 (through 2011) What's This?
13-55E-7. Nontransferability--Substitution of beneficiary. An advance payment contract may not be sold or otherwise transferred by the purchaser or beneficiary. Subject to rules promulgated pursuant to chapter 1-26, the purchaser may substitute another individual for the beneficiary originally named in the contract.
Source: SL 1994, ch 145, § 7.
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