Inapplicability to certain investments

SDCL § 4-5-56 — under CUSTODY AND INVESTMENT OF STATE FUNDS.

SDCL § 4-5-56

The provisions of §§ 4-5-48 to 4-5-60 , inclusive, do not apply to any of the following: (1) Investments in a company that is primarily engaged in supplying goods or services intended to relieve human suffering in Iran; (2) Investments in a company that is primarily engaged in promoting health, education, or journalistic, religious, or welfare activities in Iran; and (3) Investments in a United States company that is authorized by the federal government to have active business operations in Iran. Source: SL 2010, ch 27 , § 9.