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Code · South Dakota · Title 51 · Chapter 51-12

51A-12-10. Sale of surplus federal reserve funds and excess bank funds not loan.

30 words·~1 min read·/sd/title-51/chapter-51-12/51a-12-10·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The sale of surplus federal reserve funds and excess bank funds is not considered loans or obligations and are not subject to any limitation based on capital stock and surplus.
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