<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 58-27-66 - Pension or profit-sharing trust agreement not prohibited. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075973Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075973SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075973CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075973CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075973Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075973DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075973DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075973000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075973SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075973SCL-000004 { 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="s2075973Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-27-66"><span class="s2075973SENU">58-27-66</span></a><span xml:space="preserve" class="s2075973SENU">. </span><span class="s2075973CL">Pension or profit</span><span class="s2075973CL-000000">-</span><span class="s2075973CL">sharing trust agreement not prohibited.</span></p><p dir="ltr" class="s2075973Normal-000001"><span xml:space="preserve" class="s2075973DefaultParagraphFont">The provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-27-62"><span class="s2075973DefaultParagraphFont">58-27-62</span></a><span xml:space="preserve" class="s2075973DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-27-65"><span class="s2075973DefaultParagraphFont">58-27-65</span></a><span xml:space="preserve" class="s2075973DefaultParagraphFont"> shall not be construed to prohibit the making of pension or profit</span><span class="s2075973DefaultParagraphFont-000002">-</span><span class="s2075973DefaultParagraphFont">sharing trust agreements involving the employees of affiliates or consolidations, mergers, or other transactions otherwise authorized by this title.</span></p><p dir="ltr" class="s2075973Normal"><span xml:space="preserve" class="s2075973000003"> </span></p><p dir="ltr" class="s2075973Normal"><span class="s2075973SCL">Source:</span><span xml:space="preserve" class="s2075973SCL-000004"> SL 1966, ch 111, ch 6, § 34 (1) (f).</span></p></div></body></html>