South Dakota Codified Laws 13-63-29. Chapter does not establish guarantees
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Nothing in this chapter establishes any obligation of this state or any agency or instrumentality of this state to guarantee for the benefit of any account owner, contributor to an account, or designated beneficiary any of the following:
(1) The return of any amounts contributed to an account;
Terms Used In South Dakota Codified Laws 13-63-29
- 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
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) The rate of interest or other return on any account;
(3) The payment of interest or other return on any account; or
(4) Tuition rates or the cost of related higher education expenditures.
Source: SL 2001, ch 97, § 29.