The state investment officer shall be appointed by the State Investment Council upon a majority vote and shall serve without term, but he may be removed from office upon a majority vote of the State Investment Council. He shall be a person qualified, by training and investment experience, to direct the work of the Division of Investment.
S.D. Codified Laws § 4-5-19
Appointment of state investment officer--Removal--Qualifications
Known as the Investment of State Funds Law
The act spans §§ 4–4 (70 sections).
Source: SL 1971, ch 27, §§ 9, 10; SL 1986, ch 42, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.