S.D. Admin. R. 20:07:12:04

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

Section 20:07:12:04 - Impaired capital defined

A bank's capital is considered impaired when its total capital as defined by § 20:07:12:03 is four percent or less of the bank's total assets.

11 SDR 46, effective 10/9/1984; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 13 SDR 37, effective 10/9/1986.

General Authority: SDCL 51A-2-13.

Law Implemented: SDCL 51A-2-13, 51A-15-11(1).