State Codes and Statutes

Statutes > South-dakota > Title-3 > Chapter-13 > Statute-3-13-51-3

3-13-51.3. Default designation of new investment selection upon termination of participant's contract. If a contract with a vendor terminates and a participant fails to notify the third-party administrator of the participant's new investment selection before the contract terminates, the third-party administrator shall transfer that participant's account to the investment alternative designated by the state investment officer.

Source: SL 2000, ch 27, § 5.

State Codes and Statutes

Statutes > South-dakota > Title-3 > Chapter-13 > Statute-3-13-51-3

3-13-51.3. Default designation of new investment selection upon termination of participant's contract. If a contract with a vendor terminates and a participant fails to notify the third-party administrator of the participant's new investment selection before the contract terminates, the third-party administrator shall transfer that participant's account to the investment alternative designated by the state investment officer.

Source: SL 2000, ch 27, § 5.