S.D. Codified Laws § 6-2-1
This is the official text of S.D. Codified Laws § 6-2-1, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Liquidation authorized--Vested rights protected
Official statutory text
Authority is herewith granted any governmental subdivision of this state to liquidate any pension, annuity, or other retirement program existing between the subdivisions of government and its employees where no vested rights in the employees are involved, or, where vested rights are involved, to liquidate such a program with the consent of all the employees covered by the program. Liquidation may be had in such instances by formal action of the governing body of the subdivision of government, without more.
Source: SL 1951, ch 101, § 1; SDC Supp 1960, § 17.1213.
Source: SL 1951, ch 101, § 1; SDC Supp 1960, § 17.1213.
Status: in_force · Read it on the official government site
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