South Dakota § 3-12C-1510 - Exemption from Title 58 and from securities and agent registration.
Full text of South Dakota South Dakota Codified Laws § 3-12C-1510 — Exemption from Title 58 and from securities and agent registration., with citation guidance and answers to common questions.
§ 3-12C-1510. Exemption from Title 58 and from securities and agent registration.
While performing their official duties under the provisions of §§ 3-12C-1501 to 3-12C-1510, inclusive, the board, the employees of the system, the system's actuary, the State Investment Council, and the employees of the State Investment Council are exempt from the provisions of Title 58 and any associated provisions of state law. Supplemental pension benefits and supplemental pension contracts are exempt from the provisions of Title 58.
To the extent that supplemental pension contracts may be deemed to be securities, they are exempt from securities registration pursuant to subdivision 47-31B-201(1). While performing their official duties under the provisions of §§ 3-12C-1501 to 3-12C-1510, inclusive, the board, the employees of the system, the system's actuary, the State Investment Council, and the employees of the State Investment Council are exempt from agent registration provisions pursuant to subdivision 47-31B-402(b)(3).
Source: SL 2008, ch 24, § 11; SDCL § 3-12-198; SL 2019, ch 22, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 3-12C-1510
What does South Dakota Codified Laws § 3-12C-1510 cover?
Section 3-12C-1510 ("Exemption from Title 58 and from securities and agent registration.") 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 § 3-12C-1510?
A common citation format is "South Dakota Codified Laws § 3-12C-1510" (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 § 3-12C-1510 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.