There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 3 PUBLIC OFFICERS AND EMPLOYEES
Chapter 12. South Dakota Retirement System
§3-12-72.1 Use of fund restricted.
SD Codified L § 3-12-72.1 (through 2011) What's This?
3-12-72.1. Use of fund restricted. No part of the fund created by this chapter may be used for any purpose other than for the exclusive benefit of members and their beneficiaries and payment of reasonable administrative expenses of the system. No participating unit may receive any amounts from the fund except such amounts which may remain after the satisfaction of all liabilities of the system to its members.
Source: SL 1984, ch 23, § 3.
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