S.D. Admin. R. 20:07:16:09

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

Section 20:07:16:09 - Investment in special bank subsidiaries

No state-chartered bank may invest more than 10 percent of its total capital in any one special bank subsidiary or more than 20 percent of its total capital in all special bank subsidiaries without the written permission of the director.

S.D. Admin. R. 20:07:16:09

12 SDR 106, effective 1/1/1986; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 51A-2-13 to 51A-2-15.

Law Implemented: SDCL 51A-4-1.