South Dakota Codified Laws 13-63-21. Council to adopt rules to prevent excess contributions
Current as of: 2023 | Check for updates
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The council shall adopt policies, guidelines, procedures, or rules pursuant to chapter 1-26 to prevent contributions on behalf of a designated beneficiary in excess of the maximum amounts permitted under section 529 of the Internal Revenue Code and related regulations.
Terms Used In South Dakota Codified Laws 13-63-21
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Source: SL 2001, ch 97, § 21; SL 2002, ch 94, § 3.