51A-10-11. Loans prohibited when reserve deficient.
37 words·~1 min read·
/sd/title-51/chapter-51-10/51a-10-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever the reserve of any bank shall fall below the legal amount required, such bank shall not increase its loans or discounts otherwise than by discounting or purchasing bills of exchange payable at sight or on demand.