Section 47-10-4 - Lending--Competition with lending institutions prohibited

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).