There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 51A BANKS AND BANKING
Chapter 12. Bank Loans
§51A-12-10 Sale of surplus federal reserve funds and excess bank funds not loan.
SD Codified L § 51A-12-10 (through 2011) What's This?
51A-12-10. Sale of surplus federal reserve funds and excess bank funds not loan. The sale of surplus federal reserve funds and excess bank funds is not considered loans or obligations and are not subject to any limitation based on capital stock and surplus.
Source: SL 1969, ch 11, § 10.4; SDCL, § 51-24-7; SL 1988, ch 377, § 146; SDCL, § 51-24-9.2.
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