If the federal government excludes a company from its present or any future federal sanctions relating to Iran, that company is exempt from the divestment requirements and the investment prohibitions in §§ 4-5-48 to 4-5-60, inclusive.
S.D. Codified Laws § 4-5-55
Exemption from divestiture requirements
Known as the Investment of State Funds Law
The act spans §§ 4–4 (70 sections).
Source: SL 2010, ch 27, § 8.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.