South Dakota Codified Laws
Title 13 - Education
Chapter 63 - Higher Education Savings Plan

Section 13-63-1 - Definitions. - 13-63-1. Definitions. Terms used in this chapter mean: (1)"Account," an...

Section 13-63-2 - Powers of South Dakota Investment Council. - 13-63-2. Powers of South Dakota Investment Council. The council shall:...

Section 13-63-3 - Depositories and managers--Bidding by financial institutions--Selection criteria. - 13-63-3. Depositories and managers--Bidding by financial institutions--Selection criteria. The council...

Section 13-63-4 - Contract with financial institution to serve as program manager. - 13-63-4. Contract with financial institution to serve as program manager....

Section 13-63-5 - Duties of program manager. - 13-63-5. Duties of program manager. A program manager shall: (1)Take...

Section 13-63-6 - Term of contract between council and financial institution. - 13-63-6. Term of contract between council and financial institution. Any...

Section 13-63-7 - Conditions applicable to nonrenewed contracts. - 13-63-7. Conditions applicable to nonrenewed contracts. If a contract executed...

Section 13-63-8 - Termination of contract for good cause--Transfer of accounts. - 13-63-8. Termination of contract for good cause--Transfer of accounts. The...

Section 13-63-9 - Program operated through accounts--Requirements to open. - 13-63-9. Program operated through accounts--Requirements to open. The program must...

Section 13-63-10 - Contributions to accounts. - 13-63-10. Contributions to accounts. Any person may make contributions to...

Section 13-63-11 - Withdrawals from account. - 13-63-11. Withdrawals from account. Account owners may withdraw all or...

Section 13-63-12 - Changing designated beneficiary. - 13-63-12. Changing designated beneficiary. An account owner may change the...

Section 13-63-13 - Transferring funds to another account--Conditions. - 13-63-13. Transferring funds to another account--Conditions. On the direction of...

Section 13-63-14 - Limitations on changing designated beneficiary and rolling over funds. - 13-63-14. Limitations on changing designated beneficiary and rolling over funds....

Section 13-63-17 - Accounts to be maintained separately. - 13-63-17. Accounts to be maintained separately. Each account shall be...

Section 13-63-18 - No direction of investments--Limited options permitted--Financial institution obligation. - 13-63-18. No direction of investments--Limited options permitted--Financial institution obligation. A...

Section 13-63-19 - Council to select financial institution in event of transfer of accounts--Exception. - 13-63-19. Council to select financial institution in event of transfer...

Section 13-63-20 - Interest in account not subject to levy, judgment or garnishment--Not deemed asset--Interest not to be used as security--Inclusion as gross asset. - 13-63-20. Interest in account not subject to levy, judgment or...

Section 13-63-21 - Council to adopt rules to prevent excess contributions. - 13-63-21. Council to adopt rules to prevent excess contributions. The...

Section 13-63-21.1 - Excess contributions--Processing. - 13-63-21.1. Excess contributions--Processing. For each designated beneficiary, the balance in...

Section 13-63-22 - Account distributions to be reported as required by federal law. - 13-63-22. Account distributions to be reported as required by federal...

Section 13-63-23 - Account statements--Contents. - 13-63-23. Account statements--Contents. The financial institution shall provide statements to...

Section 13-63-24 - Statements to comply with federal or state tax laws. - 13-63-24. Statements to comply with federal or state tax laws....

Section 13-63-25 - Government and non-profit organizations as account owners--Beneficiaries identified after account opened. - 13-63-25. Government and non-profit organizations as account owners--Beneficiaries identified after...

Section 13-63-26 - Identifying information of account holders and beneficiaries confidential. - 13-63-26. Identifying information of account holders and beneficiaries confidential. Any...

Section 13-63-27 - Account balance of beneficiary student treated as asset of parent--Exceptions. - 13-63-27. Account balance of beneficiary student treated as asset of...

Section 13-63-28 - Limitations of chapter. - 13-63-28. Limitations of chapter. Nothing in this chapter: (1)Gives any...

Section 13-63-29 - Chapter does not establish guarantees. - 13-63-29. Chapter does not establish guarantees. Nothing in this chapter...

Section 13-63-30 - Mandated disclaimers. - 13-63-30. Mandated disclaimers. Every contract, application, deposit slip, or any...

Section 13-63-31 - Annual report by council. - 13-63-31. Annual report by council. The council shall submit an...

Section 13-63-32 - Immunity from liability. - 13-63-32. Immunity from liability. The council, its members, the state...