South Dakota § 13-63-7 - Conditions applicable to nonrenewed contracts.
Full text of South Dakota South Dakota Codified Laws § 13-63-7 — Conditions applicable to nonrenewed contracts., with citation guidance and answers to common questions.
§ 13-63-7. Conditions applicable to nonrenewed contracts.
If a contract executed between the council and a financial institution pursuant to this chapter is not renewed, all of the following conditions apply at the end of the term of the nonrenewed contract:
(1) Accounts previously established and held in investment instruments at the financial institution may not be terminated;
(2) Additional contributions may be made to the accounts; and
(3) No new accounts may be placed with that financial institution.
Source: SL 2001, ch 97, § 7.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 13-63-7
What does South Dakota Codified Laws § 13-63-7 cover?
Section 13-63-7 ("Conditions applicable to nonrenewed contracts.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 13-63-7?
A common citation format is "South Dakota Codified Laws § 13-63-7" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 13-63-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.