§ 51A-12-1 Application to bank loans
§ 51A-12-2 Loan or credit limitation
§ 51A-12-2.1 Application for exception to agricultural loan or credit limitation
§ 51A-12-2.2 Expiration of exception–New exception request
§ 51A-12-2.3 Loan defined
§ 51A-12-2.4 Derivative transaction defined
§ 51A-12-4 Loan to customer used for partnership or corporation
§ 51A-12-5 Discounting not considered as money borrowed for purposes of loan limitation
§ 51A-12-6 Maximum amount of loans by bank to its executive officers, directors, and certain shareholders
§ 51A-12-8 Liability of officers and directors for excessive loans
§ 51A-12-9 Nonrisk and government guaranteed loans not included in loan limits
§ 51A-12-10 Sale of surplus federal reserve funds and excess bank funds not loan
§ 51A-12-11 Mortgage on real estate
§ 51A-12-12 Revolving credit authorized
§ 51A-12-13 Collection of certain credit service charges by bank
§ 51A-12-14 Right of offset on loans
§ 51A-12-15 Compounding interest and service fees
§ 51A-12-16 Security interests authorized
§ 51A-12-17 Maintenance of deposit as condition for loan

Terms Used In South Dakota Codified Laws > Title 51A > Chapter 12

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bank: any corporation or limited liability company, organized pursuant to chapter 47-34A, authorized under this title to engage in the business of banking or in the combined business of a bank and trust company or in the combined business of a bank with trust powers. See South Dakota Codified Laws 51A-1-2
  • Bank holding company: a bank holding company as defined in 12 U. See South Dakota Codified Laws 51A-1-2
  • Board of directors: board of directors for a bank organized by incorporators as a corporation pursuant to chapter 47-1A and a manager for a manager-managed bank or a member for a member-managed bank organized as a limited liability company pursuant to chapter 47-34A. See South Dakota Codified Laws 51A-1-2
  • By-laws: by-laws for a bank organized by incorporators as a corporation pursuant to chapter 47-1A and operating agreement for a bank organized by organizers or members as a limited liability company pursuant to chapter 47-34A. See South Dakota Codified Laws 51A-1-2
  • Commission: the State Banking Commission. See South Dakota Codified Laws 51A-1-2
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Debtor: except as defined and used in chapters 54-1 and 54-9, everyone who owes to another the performance of an obligation. See South Dakota Codified Laws 2-14-2
  • Director: the director of the Division of Banking. See South Dakota Codified Laws 51A-1-2
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Good faith: an honest intention to abstain from taking any unconscientious advantage of another, even through the forms or technicalities of law, together with an absence of all information or belief of facts which would render the transaction unconscientious. See South Dakota Codified Laws 2-14-2
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • 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.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Real property: is coextensive with lands, tenements, and hereditaments. See South Dakota Codified Laws 2-14-2
  • State: the State of South Dakota. See South Dakota Codified Laws 2-14-2
  • Stock: shares for a bank organized by incorporators as a corporation pursuant to chapter 47-1A and member equity for a bank organized as a limited liability company pursuant to chapter 47-34A. See South Dakota Codified Laws 51A-1-2
  • Stockholder: a shareholder of a bank organized by incorporators as a corporation pursuant to chapter 47-1A and a member for a bank organized by organizers or members as a member as a limited liability company pursuant to chapter 47-34A. See South Dakota Codified Laws 51A-1-2
  • Writing: and "written" include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2