S.D. Admin. R. 20:07:16:08

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

Section 20:07:16:08 - Investment in subsidiaries and bank capital

For purpose of capital calculations, primary capital of a bank includes the bank's pro rata share of the shareholder's equity of all bank subsidiaries except those bank subsidiaries which are special bank subsidiaries. Banks shall not count as primary capital any investment in special bank subsidiaries.

S.D. Admin. R. 20:07:16:08

12 SDR 106, effective 1/1/1986; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 51A-2-13 to 51A-2-15.

Law Implemented: SDCL 51A-4-1.