<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 13-63-28 - Limitations of chapter. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2043139Normal { 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.s2043139SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2043139CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2043139Normal-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.s2043139DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2043139Normal-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.s2043139000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2043139SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2043139SCL-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="s2043139Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-63-28"><span class="s2043139SENU">13-63-28</span></a><span xml:space="preserve" class="s2043139SENU">. </span><span class="s2043139CL">Limitations of chapter.</span></p><p dir="ltr" class="s2043139Normal-000000"><span class="s2043139DefaultParagraphFont">Nothing in this chapter:</span></p><p dir="ltr" class="s2043139Normal-000001"><span class="s2043139DefaultParagraphFont">(1)    Gives any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner;</span></p><p dir="ltr" class="s2043139Normal-000001"><span class="s2043139DefaultParagraphFont">(2)    Guarantees that a designated beneficiary will be admitted to an eligible education institution or be allowed to continue enrollment at or graduate from an eligible education institution after admission;</span></p><p dir="ltr" class="s2043139Normal-000001"><span class="s2043139DefaultParagraphFont">(3)    Establishes state residency for an individual merely because the individual is a designated beneficiary; or</span></p><p dir="ltr" class="s2043139Normal-000001"><span class="s2043139DefaultParagraphFont">(4)    Guarantees that amounts saved pursuant to the program will be sufficient to cover the qualified higher education expenses of a designated beneficiary.</span></p><p dir="ltr" class="s2043139Normal"><span xml:space="preserve" class="s2043139000002"> </span></p><p dir="ltr" class="s2043139Normal"><span class="s2043139SCL">Source:</span><span xml:space="preserve" class="s2043139SCL-000003"> SL 2001, ch 97, § 28.</span></p></div></body></html>