South Dakota Codified Laws 3-12C-224. Quadrennial independent report on investment performance
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The board shall retain the services of an independent contractor, not involved in the investment process, to make a report to the board not less than every four years on the investment performance results of the assets of the retirement funds.
Terms Used In South Dakota Codified Laws 3-12C-224
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1974, ch 35, § 72; SL 2016, ch 31, § 25; SDCL § 3-12-118; SL 2019, ch 22, § 1.