Section 3-13A-15 - Beneficiaries of participant's account. - South Dakota Statutes

3-13A-15. Beneficiaries of participant's account. A participant may designate a beneficiary to receive the participant's benefits under the program in case of the death of the participant. If no beneficiary is designated, the participant's benefits shall be paid as follows:
(1) To the participant's surviving spouse;
(2) If there is no surviving spouse, then to all surviving children of the participant, irrespective of age, on a share-alike basis; or
(3) If there is no surviving spouse and there are no surviving children, then to the participant's estate.

Source: SL 2004, ch 43, § 14; SDCL, § 3-12-178; SL 2005, ch 28, § 1.