The benefits, rights, privileges, and options which under any annuity contract heretofore or hereafter issued are due or prospectively due the annuitant, shall not be subject to execution nor shall the annuitant be compelled to exercise any such rights, powers, or options, nor shall creditors be allowed to interfere with or terminate the contract, except as provided by §§ 58-12-7 to 58-12-9, inclusive.
S.D. Codified Laws § 58-12-6
Exemption of annuity contract benefits, rights, privileges, and options from execution
Applied in 1 court decision — leading case In Re Bowen (1987)
Most recently applied in In Re Bowen (December 1987)
Source: SL 1966, ch 111, ch 22, § 32 (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.