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§ 13-63-28 Limitations of chapter.

SD Codified L § 13-63-28 (2019) (N/A)
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13-63-28. Limitations of chapter. Nothing in this chapter:

(1) Gives any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner;

(2) Guarantees that a designated beneficiary will be admitted to an eligible education institution or be allowed to continue enrollment at or graduate from an eligible education institution after admission;

(3) Establishes state residency for an individual merely because the individual is a designated beneficiary; or

(4) Guarantees that amounts saved pursuant to the program will be sufficient to cover the qualified higher education expenses of a designated beneficiary.Source: SL 2001, ch 97, § 28.

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§ 13-63-27 Account balance of beneficiary student treated as asset of parent--Exceptions.
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§ 13-63-29 Chapter does not establish guarantees.