Section 3-13A-13 - Allocation of investment return among participant accounts--Accounting dates. - South-dakota Statutes

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3-13A-13. Allocation of investment return among participant accounts--Accounting dates. The total investment return on any offered investment shall be allocated to the account of each participant based on the proportion the participant's account bears to all other accounts which have been invested in the same investment alternative. Allocations shall be made on each accounting date. The last day of each calendar quarter is an accounting date. The board may provide additional accounting dates.

Source: SL 2004, ch 43, § 12; SDCL, § 3-12-176; SL 2005, ch 28, § 1.

State Codes and Statutes

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

3-13A-13. Allocation of investment return among participant accounts--Accounting dates. The total investment return on any offered investment shall be allocated to the account of each participant based on the proportion the participant's account bears to all other accounts which have been invested in the same investment alternative. Allocations shall be made on each accounting date. The last day of each calendar quarter is an accounting date. The board may provide additional accounting dates.

Source: SL 2004, ch 43, § 12; SDCL, § 3-12-176; SL 2005, ch 28, § 1.

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

3-13A-13. Allocation of investment return among participant accounts--Accounting dates. The total investment return on any offered investment shall be allocated to the account of each participant based on the proportion the participant's account bears to all other accounts which have been invested in the same investment alternative. Allocations shall be made on each accounting date. The last day of each calendar quarter is an accounting date. The board may provide additional accounting dates.

Source: SL 2004, ch 43, § 12; SDCL, § 3-12-176; SL 2005, ch 28, § 1.