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§ 4-5-56 Inapplicability to certain investments.

SD Codified L § 4-5-56 (2019) (N/A)
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4-5-56. Inapplicability to certain investments. 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.

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§ 4-5-57 Indirect holdings in actively managed investment funds.