South Dakota Codified Laws 58-28-21. Valuation of assets allocated to account
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Unless otherwise approved by the director, assets allocated to a separate account shall be valued at their market value on the date of valuation, or if there is no readily available market, then as provided under the terms of the contract or the rules or other written agreement applicable to such separate account.
Terms Used In South Dakota Codified Laws 58-28-21
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
Source: SL 1966, ch 111, ch 6, § 36 (10); § 36 (8) as amended by SL 1967, ch 131; SDCL, § 58-28-8; SL 1971, ch 266, § 1 (4).