South Dakota Codified Laws 51A-12-17. Maintenance of deposit as condition for loan
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A bank may require a borrower to maintain funds on deposit as a condition precedent to the granting of credit or any loan.
Terms Used In South Dakota Codified Laws 51A-12-17
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
Source: SL 1983, ch 359, § 2; SDCL, § 51-24-18.