If a participant receives approval of an unforeseeable emergency distribution, pursuant to § 3-13-82, the participant must cease deferrals to the plan before the distribution may be completed.
S.D. Codified Laws § 3-13-64
Unforeseeable emergency distribution--Participant deferrals cease
Source: SL 2025, ch 27, § 91.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.