South Dakota Codified Laws 51A-12-2.4. Derivative transaction defined
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For purposes of § 51A-12-2.3, a derivative transaction is any transaction that is a contract, agreement, swap, warrant, note, or option that is based in whole, or in part, on the value of any interest in, or any quantitative measure or the occurrence of any event relating to interest rates.
Terms Used In South Dakota Codified Laws 51A-12-2.4
- Contract: A legal written agreement that becomes binding when signed.
Source: SL 2013, ch 240, § 2.