Section 58-12-6 - Exemption of annuity contract benefits, rights, privileges, and options fromexecution. - South Dakota Statutes

58-12-6. Exemption of annuity contract benefits, rights, privileges, and options from execution. The benefits, rights, privileges, and options which under any annuity contract heretofore or hereafter issued are due or prospectively due the annuitant, shall not be subject to execution nor shall the annuitant be compelled to exercise any such rights, powers, or options, nor shall creditors be allowed to interfere with or terminate the contract, except as provided by §§ 58-12-7 to 58-12-9, inclusive.

Source: SL 1966, ch 111, ch 22, § 32 (1).