South Dakota § 58-28-32 - Deferment of variable death benefits payment--Time period--State of emergency.
Full text of South Dakota South Dakota Codified Laws § 58-28-32 — Deferment of variable death benefits payment--Time period--State of emergency., with citation guidance and answers to common questions.
§ 58-28-32. Deferment of variable death benefits payment--Time period--State of emergency.
Except if variable death benefits are used to pay premiums, the payment of variable death benefits in excess of any minimum death benefits, cash values, policy loans, or partial withdrawals, or the payment of variable death benefits in excess of any partial surrenders, may be deferred either:
(1) For up to six months from the date of the request, if the payments are based on policy values that do not depend on the investment performance of the separate account; or
(2) For any period during which the New York stock exchange is closed for trading, except for normal holiday closing, or for any period during which the securities and exchange commission determines that a state of emergency exists which may make such payment impractical.
Source: SL 2003, ch 251, § 2.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-28-32
What does South Dakota Codified Laws § 58-28-32 cover?
Section 58-28-32 ("Deferment of variable death benefits payment--Time period--State of emergency.") 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 § 58-28-32?
A common citation format is "South Dakota Codified Laws § 58-28-32" (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 § 58-28-32 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.