Statutes, codes, and regulations
South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 1 - DEFINITIONS, GENERAL PROVISIONS AND PENALTIES
Section 51A-1-8 - Liability of bank as insurer or as guarantor or endorser of security instrument prohibited

S.D. Codified Laws § 51A-1-8

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Current through the 2024 Legislative Session
Section 51A-1-8 - Liability of bank as insurer or as guarantor or endorser of security instrument prohibited

Except as expressly permitted in this title, a bank shall not assume liability as an insurer or as a guarantor or endorser of any security instrument or obligation in which or with respect to which it has no property interest.

SDCL 51A-1-8

SL 1969, ch 11, § 1.6; SDCL, § 51-15-6.