<html> <head> <title>Rule 06:01:04:12 Thirty percent of issue to be purchased by funds subject to certain federal regulation.</title> <META NAME="Keywords" Content="Administrative Rules 06:01:04:12"> <META NAME="Description" Content="Administrative Rules 06:01:04:12 Thirty percent of issue to be purchased by funds subject to certain federal regulation."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>6:01:04:12.&nbsp;&nbsp;Thirty percent of issue to be purchased by funds subject to certain federal regulation.</b> No mortgage-backed securities may be purchased unless at least 30 percent of the issue under consideration is purchased by funds regulated under the federal Employee Retirement Income Security Act of 1974.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 9 SDR 53, effective November 3, 1982.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-5-28">4-5-28.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-5-28">4-5-28.</A></p> </div> </body> </html>