<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 13-63-29 - Chapter does not establish guarantees. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2043140Normal { 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.s2043140SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2043140CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2043140Normal-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.s2043140DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2043140Normal-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.s2043140000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2043140SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2043140SCL-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="s2043140Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-63-29"><span class="s2043140SENU">13-63-29</span></a><span xml:space="preserve" class="s2043140SENU">. </span><span class="s2043140CL">Chapter does not establish guarantees.</span></p><p dir="ltr" class="s2043140Normal-000000"><span class="s2043140DefaultParagraphFont">Nothing in this chapter establishes any obligation of this state or any agency or instrumentality of this state to guarantee for the benefit of any account owner, contributor to an account, or designated beneficiary any of the following:</span></p><p dir="ltr" class="s2043140Normal-000001"><span class="s2043140DefaultParagraphFont">(1)    The return of any amounts contributed to an account;</span></p><p dir="ltr" class="s2043140Normal-000001"><span class="s2043140DefaultParagraphFont">(2)    The rate of interest or other return on any account;</span></p><p dir="ltr" class="s2043140Normal-000001"><span class="s2043140DefaultParagraphFont">(3)    The payment of interest or other return on any account; or</span></p><p dir="ltr" class="s2043140Normal-000001"><span class="s2043140DefaultParagraphFont">(4)    Tuition rates or the cost of related higher education expenditures.</span></p><p dir="ltr" class="s2043140Normal"><span xml:space="preserve" class="s2043140000002"> </span></p><p dir="ltr" class="s2043140Normal"><span class="s2043140SCL">Source:</span><span xml:space="preserve" class="s2043140SCL-000003"> SL 2001, ch 97, § 29.</span></p></div></body></html>