South Dakota Statutes
§ 47-10-4 — Lending--Competition with lending institutions prohibited.
South Dakota § 47-10-4
This text of South Dakota § 47-10-4 (Lending--Competition with lending institutions prohibited.) 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 § 47-10-4 (2026).
Text
Subject to § 47-10-2 , any business development credit corporation shall have the power to make secured or unsecured loans; but it is not the intention hereof to take from the lending institutions within the state any loans or commitments desired by such institutions generally in the ordinary course of their business.
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Legislative History
SL 1957, ch 314, § 2; SDC Supp 1960, § 55.6002 (2).
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-10-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-10-4.