South Dakota Codified Laws 51A-4-13. Borrowing money by bank–Pledge of assets
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A bank may borrow money and pledge assets for terms, and upon conditions, established by the Banking Commission in rules promulgated pursuant to chapter 1-26.
Terms Used In South Dakota Codified Laws 51A-4-13
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SDC 1939, § 6.0423; SDCL, § 51-6-14; SL 1969, ch 11, § 4.9; SL 1981, ch 346, § 31; SDCL, § 51A-4-13; SL 1999, ch 236, § 1.