<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 13-63-14 - Limitations on changing designated beneficiary and rolling over funds. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2043126Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2043126SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2043126CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2043126Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2043126DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2043126Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2043126000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2043126SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2043126SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2043126Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-63-14"><span class="s2043126SENU">13-63-14</span></a><span xml:space="preserve" class="s2043126SENU">. </span><span class="s2043126CL">Limitations on changing designated beneficiary and rolling over funds.</span></p><p dir="ltr" class="s2043126Normal-000000"><span class="s2043126DefaultParagraphFont">Changes in designated beneficiaries and rollovers are not permitted if the changes or rollovers would violate either of the following:</span></p><p dir="ltr" class="s2043126Normal-000001"><span xml:space="preserve" class="s2043126DefaultParagraphFont">(1)    Section </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-63-21"><span class="s2043126DefaultParagraphFont">13-63-21</span></a><span xml:space="preserve" class="s2043126DefaultParagraphFont"> relating to excess contributions; or</span></p><p dir="ltr" class="s2043126Normal-000001"><span xml:space="preserve" class="s2043126DefaultParagraphFont">(2)    Section </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-63-18"><span class="s2043126DefaultParagraphFont">13-63-18</span></a><span xml:space="preserve" class="s2043126DefaultParagraphFont"> relating to investment choice.</span></p><p dir="ltr" class="s2043126Normal"><span xml:space="preserve" class="s2043126000002"> </span></p><p dir="ltr" class="s2043126Normal"><span class="s2043126SCL">Source:</span><span xml:space="preserve" class="s2043126SCL-000003"> SL 2001, ch 97, § 14.</span></p></div></body></html>