S.D. Admin. R. 20:18:26:03

Current through Register Vol. 51, page 67, December 16, 2024
Section 20:18:26:03 - Commission may limit license

The commission may place conditions on the license of a financial institution conservator and may limit the amount of time the financial institution or conservator may hold the license. The limitations must contemplate the protection of the collateral and the business interests and provide for orderly disposition of the collateral and gaming business.

S.D. Admin. R. 20:18:26:03

16 SDR 233, effective 7/1/1990; 50 SDR 145, effective 6/11/2024

General Authority: SDCL 42-7B-7.

Law Implemented: SDCL 42-7B-2.1, 42-7B-3, 42-7B-7, 42-7B-11, 42-7B-18, 42-7B-19, 42-7B-21, 42-7B-22, 42-7B-23, 42-7B-24, 42-7B-25, 42-7B-33, 42-7B-37, 42-7B-38.