{"data":{"id":"us-sd/sdcl-51a-5-2","jurisdiction":"us-sd","citation":"SDCL § 51A-5-2","heading":"Bank as trustee or custodian for retirement benefit plans.","body":"Pursuant to rules of the commission and the terms of Public Law 93-406, the Employees Retirement Income Security Act of 1974 and the Self-employed Individuals Tax Retirement Act of 1962, a bank may act as trustee or custodian for individual retirement accounts, HR 10 Keogh accounts or both such accounts, or any other pension, profit-sharing, money purchase, or other retirement benefit plan.\nSource: SDCL, § 51-19-1 as added by SL 1975, ch 291; SL 1981, ch 346, § 40; SL 1988, ch 377, § 110; SDCL, § 51-19-1.1.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-5. TRUST BUSINESS OF BANKS"],"source_url":"https://sdlegislature.gov/Statutes/51A-5-2","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"fdf46b8e7e888507bbb43e4a55b160a3677f80ec067a70401bdb730f553398e2","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-5-1.2","next":"us-sd/sdcl-51a-5-3"},"notice":"GroundRules: Original legal text. Not legal advice."}