55-6-1.2.Collective investment fund defined.
For purposes of this chapter, the term, collective investment fund, is a fund as defined in 12 C.F. R. 9.18(a)(2) as of January 1, 2011, and is provided exemption from taxation according to Internal Revenue Service, Revenue Ruling 81-100, published March 30, 1981.
Source: SL 2011, ch 212, ยง29.
Structure South Dakota Codified Laws
Title 55 - Fiduciaries and Trusts
Chapter 06 - Common Trust Funds And Collective Investment Funds
Section 55-6-1.1 - Common trust fund defined.
Section 55-6-1.2 - Collective investment fund defined.
Section 55-6-2 - Bank or trust company investment in funds.
Section 55-6-2.1 - Powers of bank or trust company qualified to act as fiduciary.
Section 55-6-3 - Compliance with law governing administration of trust estates.
Section 55-6-4 - Application of chapter.