§ 67:12:05:15

ARSD 67:12:05:15

Reserves accumulated from earnings.

Effective Dec 2, 202552 SDR 55Source: SL 1975, ch 16, § 1; 4 SDR 10, effective August 28, 1977; 7 SDR 66, 7 SDR 89, effective July 1, 1981 ; 52 SDR 55, effective December 2, 2025 . | General Authority: SDCL 28- 6-1 . | Law Implemented: SDCL 28- 6-1 .

Reserves accumulated from earnings. Reserves accumulated from earnings are treated in the same manner as reserves accumulated from any other source.

Source: SL 1975, ch 16, § 1; 4 SDR 10, effective August 28, 1977; 7 SDR 66, 7 SDR 89, effective July 1, 1981 ; 52 SDR 55, effective December 2, 2025 .

General Authority: SDCL 28- 6-1 .

Law Implemented: SDCL 28- 6-1 .

Prior versions effective: 1981-07-01.