43-45-15. Legislative intent.
The Legislature of the State of South Dakota hereby declares that §§43-45-16 to 43-45-18, inclusive, is for the purpose of absolutely exempting certain retirement benefits in a reasonable amount from all process, levy, or sale pursuant to the S.D. Const., Art. XXI, §4. The Legislature hereby finds §§43-45-16 to 43-45-18, inclusive, is necessary to insure that a debtor enjoys the comforts and necessities of life during retirement years.
Source: SL 1997, ch 250, §1.
Structure South Dakota Codified Laws
Chapter 45 - Personal Property Exempt From Process
Section 43-45-1 - Scope of exemptions of personal property.
Section 43-45-2 - Property absolutely exempt.
Section 43-45-4 - Additional property exemptions--Selection and appraisal.
Section 43-45-7 - Persons to whom exemptions do not apply.
Section 43-45-8 - Exemption not allowed for purchase money or construction costs.
Section 43-45-13 - Certain federal bankruptcy exemptions not available.
Section 43-45-14 - Exemption of earnings from garnishment process or levy-Bankruptcy.
Section 43-45-15 - Legislative intent.
Section 43-45-17 - Employee benefit plan defined.
Section 43-45-18 - Court determination of appropriate exemption.