<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 3-12C-1802 - Definition of qualified benefit preservation arrangement.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sc038bf182d6344899613b1c4e37bd5e2Normal { 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.sc038bf182d6344899613b1c4e37bd5e2SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc038bf182d6344899613b1c4e37bd5e2CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sc038bf182d6344899613b1c4e37bd5e2Statute { 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.sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc038bf182d6344899613b1c4e37bd5e2000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sc038bf182d6344899613b1c4e37bd5e2NoIndent { text-indent: 0.00in; 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.sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc038bf182d6344899613b1c4e37bd5e2SCL { 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><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 3-12C-1802 - Definition of qualified benefit preservation arrangement."><meta property="og:description" content="SDLRC Codified Law 3-12C-1802 - Definition of qualified benefit preservation arrangement."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/3-12C-1802"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sc038bf182d6344899613b1c4e37bd5e2Normal"><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1802" rel="noopener"><span class="sc038bf182d6344899613b1c4e37bd5e2SENU">3-12C-1802</span></a><span xml:space="preserve" class="sc038bf182d6344899613b1c4e37bd5e2SENU">. </span><span class="sc038bf182d6344899613b1c4e37bd5e2CL">Definition of qualified benefit preservation arrangement.</span></p><p dir="ltr" class="sc038bf182d6344899613b1c4e37bd5e2Statute"><span xml:space="preserve" class="sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont">For purposes of §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1801" rel="noopener"><span class="sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont">3-12C-1801</span></a><span xml:space="preserve" class="sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1817" rel="noopener"><span class="sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont">3-12C-1817</span></a><span xml:space="preserve" class="sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont">, inclusive, the qualified benefit preservation arrangement is an arrangement under section 415(m) of the Internal Revenue Code and established in § </span><a href="https://sdlegislature.gov/Statutes?Statute=3-12C-1803" rel="noopener"><span class="sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont">3-12C-1803</span></a><span class="sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont">.</span></p><p dir="ltr" class="sc038bf182d6344899613b1c4e37bd5e2Normal"><span xml:space="preserve" class="sc038bf182d6344899613b1c4e37bd5e2000000"> </span></p><p dir="ltr" class="sc038bf182d6344899613b1c4e37bd5e2NoIndent"><span xml:space="preserve" class="sc038bf182d6344899613b1c4e37bd5e2DefaultParagraphFont-000001">Source: </span><span class="sc038bf182d6344899613b1c4e37bd5e2SCL">SL 2020, ch 14, § 2; SL 2025, ch 27, § 73.</span></p></div></body></html>