Any distribution under §§ 3-13-79 and 3-13-80 is deemed to be reasonable and made in good faith under § 401(a)(9) of the Internal Revenue Code.
S.D. Codified Laws § 3-13-84
Distributions deemed reasonable and made in good faith under federal law
Source: SL 2025, ch 27, § 111.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.