S.D. Codified Laws § 51A-12-10

Current with legislation signed by the governor on or before 3/6/2024

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.