South Dakota Statutes
§ 4-6A-4 — Valuation of collateral--Substitution of securities.
South Dakota § 4-6A-4
This text of South Dakota § 4-6A-4 (Valuation of collateral--Substitution of securities.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 4-6A-4 (2026).
Text
Securities eligible as collateral shall be valued at face value or market value, whichever is less. A qualified public depository may make substitutions of eligible collateral at any time and shall notify the public deposit protection commission of such change immediately.
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Legislative History
SL 1923, ch 281, § 1; SL 1925, ch 281, § 1; SL 1927, ch 196, § 1; SL 1933 (SS), ch 16, § 1; SDC 1939, § 55.2402; SL 1939, ch 208, § 2; SL 1941, ch 302; SDCL, § 4-6-11; SL 1974, ch 39, § 7; SL 1986, ch 44, § 3.
Nearby Sections
15
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Bluebook (online)
South Dakota § 4-6A-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/4-6A-4.