S.D. Codified Laws § 47-10-4

Current through the 2024 Legislative Session
Section 47-10-4 - Lending-Competition with lending institutions prohibited

Subject to § 47-10-2, any business development credit corporation shall have the power to make secured or unsecured loans; but it is not the intention hereof to take from the lending institutions within the state any loans or commitments desired by such institutions generally in the ordinary course of their business.

SDCL 47-10-4

SL 1957, ch 314, § 2; SDC Supp 1960, § 55.6002 (2).