Notwithstanding the provisions of § 3-21-13 , the state investment officer may include an indemnity provision in any contract, agreement, or court document related to an investment that involves custody, management, purchase, sale, exchange, or research if the state investment officer determines the inclusion of the indemnity provision is prudent under the circumstances.
S.D. Codified Laws § 4-5-29.3
Indemnity provision--Authorization
Known as the Investment of State Funds Law
The act spans §§ 4–4 (70 sections).
Source: SL 2020, ch 21, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.