§ 20:07:03:10

ARSD 20:07:03:10

Accrual accounting.

Effective Jul 1, 198612 SDR 155Source: 8 SDR 31, effective September 30, 1981; 12 SDR 151, 12 SDR 155, effective July 1, 1986. | General Authority: SDCL 51A-2-13. | Law Implemented: SDCL 51A-13-1.

The books and records of a bank with total assets of $25,000,000 or more shall be kept on an accrual basis.

Source: 8 SDR 31, effective September 30, 1981; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 51A-2-13.

Law Implemented: SDCL 51A-13-1.