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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 12 - Bank Loans
§ 51A-12-2.4 Derivative transaction defined.
Universal Citation: SD Codified L § 51A-12-2.4 (2017)
51A-12-2.4. Derivative transaction defined. For purposes of § 51A-12-2.3, a derivative transaction is any transaction that is a contract, agreement, swap, warrant, note, or option that is based in whole, or in part, on the value of any interest in, or any quantitative measure or the occurrence of any event relating to interest rates.
Source: SL 2013, ch 240, § 2.
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