Home/South Dakota/Statutes/Title 51A: BANKS AND BANKING/Ch. 51A-11: BANK LOANS/§ 51A-12-2.4
South Dakota Statutes

§ 51A-12-2.4 — Derivative transaction defined.

South Dakota § 51A-12-2.4
JurisdictionSouth Dakota
Title 51ABANKS AND BANKING
Ch. 51A-11BANK LOANS

This text of South Dakota § 51A-12-2.4 (Derivative transaction defined.) 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 § 51A-12-2.4 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

SL 2013, ch 240, § 2.

Nearby Sections

15
§ 51A-1-1
Applicability of provisions--Retention of capital structure by banks.
§ 51A-1-10
False entries--Obstruction of examination--Felonies.
§ 51A-1-11
False filing as misdemeanor.
§ 51A-1-12
Payment or indemnification of person for fine, penalty or judgment unlawful--Civil liability--Exceptions--Action to recover payments.
§ 51A-1-13
Misappropriation of funds or information by officer, director, or employee as felony.
§ 51A-1-14
Receipt, possession, or sale of misappropriated funds or information as felony.
§ 51A-1-15
Acknowledgments by officers or employees of banks validated.
§ 51A-1-16
Severability of provisions.
§ 51A-1-17
No duty to disclose information about customers--Exceptions.
§ 51A-1-18
Agreements or compacts with other jurisdictions--Administration--Filing--Availability.
§ 51A-1-19
Central bank digital currency--Public transaction prohibited.
§ 51A-1-2
Definition of terms.
§ 51A-1-20
Central bank digital currency--Private transaction--Alternative required.
§ 51A-1-3
Adverse claims against bank deposits, contents of safe deposit box or property in safekeeping.
§ 51A-1-4
Disqualification of officer, employee or director for violation--Civil liability.
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
South Dakota § 51A-12-2.4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/51A-12-2.4.