61-4-14. Transfer to secretary on termination of trust fund or separate accounting.If and when the unemployment trust fund ceases to exist, or the separate book account mentioned in §61-4-13 is no longer maintained, all moneys, properties, or securities therein belonging to the unemployment compensation fund of this state shall be transferred to the secretary of labor and regulation who shall hold, invest, transfer, sell, deposit, and release such moneys, properties, or securities in accordance with the provisions of this title. Source: SL 1936 (SS), ch 3, §9 (d); SDC 1939, §17.0821; SL 1965, ch 97, §5; SL 2011, ch 1 (Ex. Ord. 11-1), §33, eff. Apr. 12, 2011.
South Dakota Legal Code