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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 15 - Suspension And Liquidation Of Banks
§ 51A-15-26 Borrowing money by director in possession.
Universal Citation: SD Codified L § 51A-15-26 (2017)
51A-15-26. Borrowing money by director in possession. With the approval of the commission, the director may borrow money in the name of the bank in his possession and may pledge its assets as security for the loan.
Source: SL 1933, ch 54, § 1; SDC 1939, § 6.0629; SDCL, § 51-14-25; SL 1969, ch 11, § 13.9; SDCL, § 51-27-18.
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