55-6-1.2.Collective investment fund defined.For purposes of this chapter, the term, collective investment fund, is a fund as defined in 12 C.F. R. 9.18(a)(2) as of January 1, 2011, and is provided exemption from taxation according to Internal Revenue Service, Revenue Ruling 81-100, published March 30, 1981. Source: SL 2011, ch 212, §29.
South Dakota Legal Code