South Dakota Code § 51A-5-2

Bank as trustee or custodian for retirement benefit plans
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Pursuant to rules of the commission and the terms of Public Law 93-406, the Employees Retirement Income Security Act of 1974 and the Self
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employed Individuals Tax Retirement Act of 1962, a bank may act as trustee or custodian for individual retirement accounts, HR 10 Keogh accounts or both such accounts, or any other pension, profit
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sharing, money purchase, or other retirement benefit plan.

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