S.D. Codified Laws § 10-45-97

Current through the 2024 Legislative Session

Section 10-45-97 - Professional employer organization defined

For the purposes of § 10-45-96, the term, professional employer organization, means a firm which:

(1) Enters into a contractual agreement with a client company to create a co-employment relationship for the provision of payroll, benefits, and other human resources functions;

(2) Covers at least seventy-five percent of the client company's full-time or full-time equivalent employees domiciled in South Dakota; and

(3) Maintains separate books and records of account for each client company.

SDCL 10-45-97

SL 1999, ch 57, § 2.