Amendment K: Lawmakers ask voters to approve investing unclaimed property proceeds in a trust fund

By: Meghan O'Brien

Outlets: South Dakota Searchlight

Published: October 15, 2026

Words: 536

Last Updated: 2 days, 13 hours ago

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South Dakota has received more than $1 billion worth of unclaimed property over the years from an array of sources, including cash, insurance policy proceeds and even gold teeth. Amendment K, a question on the Nov. 3 ballot, asks voters to allow the state Investment Council to manage a trust fund consisting of unclaimed property proceeds.

Annual unclaimed property receipts have risen in recent years and hit a record $308 million recently, the …

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