§ 20:07:12:04

ARSD 20:07:12:04

Impaired capital defined.

Effective Oct 9, 198613 SDR 37Source: 11 SDR 46, effective October 9, 1984; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 13 SDR 37, effective October 9, 1986. | General Authority: SDCL 51A-2-13. | Law Implemented: SDCL 51A-2-13 , 51A-15-11(1).

A bank's capital is considered impaired when its total capital as defined by § 20:07:12:03 is four percent or less of the bank's total assets.

Source: 11 SDR 46, effective October 9, 1984; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 13 SDR 37, effective October 9, 1986.

General Authority: SDCL 51A-2-13.

Law Implemented: SDCL 51A-2-13 , 51A-15-11(1).