South Dakota § 58-15-89 - Election to have payments commence at optional maturity date--Maturity date used for calculation of benefits.
Full text of South Dakota South Dakota Codified Laws § 58-15-89 — Election to have payments commence at optional maturity date--Maturity date used for calculation of benefits., with citation guidance and answers to common questions.
§ 58-15-89. Election to have payments commence at optional maturity date--Maturity date used for calculation of benefits.
For the purpose of determining the benefits calculated under §§ 58-15-87 and 58-15-88, in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date shall be deemed to be the latest date for which election shall be permitted by the contract, but may not be deemed to be later than the anniversary of the contract next following the annuitant's seventieth birthday or the tenth anniversary of the contract, whichever is later.
Source: SL 2004, ch 299, § 8.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-15-89
What does South Dakota Codified Laws § 58-15-89 cover?
Section 58-15-89 ("Election to have payments commence at optional maturity date--Maturity date used for calculation of benefits.") 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 § 58-15-89?
A common citation format is "South Dakota Codified Laws § 58-15-89" (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 § 58-15-89 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.