S.D. Codified Laws § 51A-12-10

Current through the 2024 Legislative Session

Section 51A-12-10 - Sale of surplus federal reserve funds and excess bank funds not loan

The sale of surplus federal reserve funds and excess bank funds is not considered loans or obligations and are not subject to any limitation based on capital stock and surplus.

SDCL 51A-12-10

SL 1969, ch 11, § 10.4; SDCL, § 51-24-7; SL 1988, ch 377, § 146; SDCL, § 51-24-9.2.