An inmate is eligible for parole, subject to § 24-15-4, after deducting from the inmate’s sentence the statutory time granted for good conduct pursuant to § 24-5-1:

(1) If convicted of a felony for the first time, when the inmate has served one–fourth of the time remaining;

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(2) If convicted of a felony for the second time, when the inmate has served three–eighths of the time remaining; or

(3) If convicted of a felony three or more times, when the inmate has served one–half of the time remaining.

Source: SDC 1939, § 13.5301; SL 1939, ch 34; SL 1964, ch 33, § 4; SDCL, §§ 23-60-6 to 23-60-9; SL 1975, ch 174, § 1; SL 1978, ch 186, § 20; SL 1988, ch 196, § 2; SL 2004, ch 168, § 56.