South Dakota § 58-33A-15 - Exemptions from requirements.
Full text of South Dakota South Dakota Codified Laws § 58-33A-15 — Exemptions from requirements., with citation guidance and answers to common questions.
§ 58-33A-15. Exemptions from requirements.
Unless otherwise specifically included, §§ 58-33A-13 to 58-33A-27, inclusive, do not apply to any transactions involving:
(1) A direct response solicitation if there is no recommendation based on information collected from the consumer pursuant to §§ 58-33A-13 to 58-33A-27, inclusive; or
(2) Any contract used to fund:
(a) An employee pension or welfare benefit plan that is covered by the Employee Retirement and Income Security Act (ERISA);
(b) A plan described by sections 401(a), 401(k), 403(b), 408(k), or 408(p) of the Internal Revenue Code (IRC), as of January 1, 2023, if established or maintained by an employer;
(c) A government or church plan defined in section 414 of the IRC as of January 1, 2023, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax exempt organization under section 457 of the IRC as of January 1, 2023; or
(d) A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor;
(3) A settlement of or assumption of liabilities associated with personal injury litigation or any dispute or claim resolution process; or
(4) A formal prepaid funeral contract.
The director may, by rules promulgated pursuant to chapter 1-26, adopt revisions of the Internal Revenue Code which are in substantial compliance with the intent of subsections (b) and (c) of this section.
Source: SL 2008, ch 273, § 3; SL 2022, ch 186, § 3, eff. Jan. 1, 2023.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-33A-15
What does South Dakota Codified Laws § 58-33A-15 cover?
Section 58-33A-15 ("Exemptions from requirements.") 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 § 58-33A-15?
A common citation format is "South Dakota Codified Laws § 58-33A-15" (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 § 58-33A-15 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.