For purposes of this chapter, the term, collective investment fund, is a fund as defined in 12 C.F.R. 9.18(a)(2) as of January 1, 2011, and is provided exemption from taxation according to Internal Revenue Service, Revenue Ruling 81-100, published March 30, 1981.
S.D. Codified Laws § 55-6-1.2
Collective investment fund defined
Known as the Uniform Common Trust Fund Act
The act spans §§ 55–55 (10 sections).
Source: SL 2011, ch 212, § 29.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.