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2011 South Dakota Code
Title 13 EDUCATION
Chapter 63. Higher Education Savings Plan
§13-63-8 Termination of contract for good cause--Transfer of accounts.


SD Codified L § 13-63-8 (through 2011) What's This?

13-63-8. Termination of contract for good cause--Transfer of accounts. The council may terminate a contract with a financial institution at any time for good cause. If a contract is terminated, the council shall take custody of accounts held at that financial institution and shall seek to promptly transfer the accounts to another financial institution that is selected as a program manager and into investment instruments as similar to the original investments as possible.

Source: SL 2001, ch 97, § 8.

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