S.D. Admin. R. 20:07:10:06.01

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:07:10:06.01 - Exceptions to capital requirements

The commission may exempt from capital requirements those newly organized banks created pursuant to an interim merger transaction and those created on an emergency basis.

S.D. Admin. R. 20:07:10:06.01

14 SDR 46, effective 9/28/1987.

General Authority: SDCL 51A-2-13, 51A-2-14.

Law Implemented: SDCL 51A-3-4, 51A-14-6.