51A-10-11. Loans prohibited when reserve deficient.Whenever the reserve of any bank shall fall below the legal amount required, such bank shall not increase its loans or discounts otherwise than by discounting or purchasing bills of exchange payable at sight or on demand. Source: SL 1909, ch 222, art 2, §28; SL 1915, ch 102, art 2, §32; RC 1919, §8979; SDC 1939, §6.0427; SDCL, §51-10-8; SL 1969, ch 11, §8.14; SDCL, §51-22-17.
South Dakota Legal Code