This chapter applies to institutional funds existing on or established after July 1, 2007. As applied to institutional funds existing on July 1, 2007, this chapter governs only decisions made or actions taken on or after that date. This chapter does not apply to any funds directly held or managed by a governmental agency.
S.D. Codified Laws § 55-14A-8
Application to existing institutional funds
Known as the Uniform Prudent Management of Institutional Funds Act
The act spans §§ 55-14A-1 to 55-14A-9 (10 sections).
Source: SL 2007, ch 283, § 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.