Changes in designated beneficiaries and rollovers are not permitted if the changes or rollovers would violate either of the following:
(1) Section 13-63-21 relating to excess contributions; or
(2) Section 13-63-18 relating to investment choice.
S.D. Codified Laws § 13-63-14
Limitations on changing designated beneficiary and rolling over funds
Source: SL 2001, ch 97, § 14.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.