S.D. Admin. R. 20:07:03:25

Current through Register Vol. 50, page 162, June 24, 2024

Section 20:07:03:25 - Time limit allowed on overdrafts

An overdraft may not be held as an asset by a bank for more than 60 consecutive days unless the overdraft is in the process of collection.

S.D. Admin. R. 20:07:03:25

24 SDR 90, effective 1/4/1998; 34 SDR 200, effective 1/29/2008.

General Authority:51A-2-13.

Law Implemented:51A-4-21.