§ 20:07:03:26

ARSD 20:07:03:26

Bank borrowings.

Effective Jul 1, 199925 SDR 135Source: 25 SDR 135, effective July 1, 1999. | General Authority: SDCL 51A-4-13. | Law Implemented: SDCL 51A-4-13.

A bank may borrow money and pledge assets as security to meet demand for loans or withdrawal demands by depositors.

Source: 25 SDR 135, effective July 1, 1999.

General Authority: SDCL 51A-4-13.

Law Implemented: SDCL 51A-4-13.