There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 13 EDUCATION
Chapter 63. Higher Education Savings Plan
- §13-63-1 Definitions.
- §13-63-2 Powers of South Dakota Investment Council.
- §13-63-3 Financial institutions as depositories and managers--Bidding by financial institutions--Selection criteria.
- §13-63-4 Contract with financial institution to serve as program manager.
- §13-63-5 Duties of program manager.
- §13-63-6 Term of contract between council and financial institution.
- §13-63-7 Conditions applicable to nonrenewed contracts.
- §13-63-8 Termination of contract for good cause--Transfer of accounts.
- §13-63-9 Program operated through accounts--Requirements for opening account.
- §13-63-10 Contributions to accounts.
- §13-63-11 Withdrawals from account.
- §13-63-12 Changing designated beneficiary.
- §13-63-13 Transferring funds to another account--Conditions.
- §13-63-14 Limitations on changing designated beneficiary and rolling over funds.
- §13-63-15, 13-63-16. Repealed.
- §13-63-17 Accounts to be maintained separately.
- §13-63-18 Contributor, owner, and beneficiary may not direct investments--Council may offer options.
- §13-63-19 Council to select financial institution in event of transfer of accounts--Exception.
- §13-63-20 Interest in account not subject to levy, judgment or garnishment--Not deemed asset--Interest not to be used as security--Inclusion as gross asset.
- §13-63-21 Council to adopt rules to prevent excess contributions.
- §13-63-22 Account distributions to be reported as required by federal law.
- §13-63-23 Account statements to be issued at least annually--Contents.
- §13-63-24 Statements to comply with federal or state tax laws.
- §13-63-25 Government and non-profit organizations as account owners--Beneficiaries identified after account opened.
- §13-63-26 Identifying information of account holders and beneficiaries confidential.
- §13-63-27 Account balance of beneficiary student treated as asset of parent--Exceptions.
- §13-63-28 Limitations of chapter.
- §13-63-29 Chapter does not establish guarantees.
- §13-63-30 Certain disclaimers mandated.
- §13-63-31 Annual report by council.
- §13-63-32 Immunity from liability.
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