S.D. Admin. R. 12:07:20:16
Current through Register Vol. 51, page 71, January 6, 2025
A borrower may have more than one outstanding stock purchase guaranty at any one time, but a borrower may not have more than one guaranty per cooperative. If a borrower is an entity as described in subdivision 12:07:20:03(2), individual members of the entity who meet the requirements of subdivision 12:07:20:03(1) and other provisions of this chapter may apply for a separate stock purchase guaranty.
S.D. Admin. R. 12:07:20:16
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.