Section 4-5-29 - Investment officer authorized to make transactions--Duty to protect state interests. - South Dakota Statutes

4-5-29. Investment officer authorized to make transactions--Duty to protect state interests. Subject to any limitations, conditions, and restrictions contained in policy making regulations approved by the State Investment Council or contained in state law or the State Constitution, the state investment officer shall have the power to make purchases, sales, exchanges, and investments, for or on behalf of any of the funds referred to in § 4-5-23 and it shall be his duty to see that moneys invested under the provisions of §§ 4-5-12 to 4-5-39, inclusive, are at all times handled in the best interests of the state.

Source: SL 1971, ch 27, § 15.