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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 10 - Business Development Credit Corporations
§ 47-10-4 Lending--Competition with lending institutions prohibited.
Universal Citation: SD Codified L § 47-10-4 (2018)
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.
Source: SL 1957, ch 314, § 2; SDC Supp 1960, § 55.6002 (2).
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