§ 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 - Bank Loans

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • 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.
  • 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: Land, and all immovable fixtures erected on, growing on, or affixed to the land.