|
State of South Dakota
|
|
SEVENTY-FOURTH
SESSION
LEGISLATIVE ASSEMBLY, 1999 |
| 445C0463 |
HOUSE COMMERCE COMMITTEE
ENGROSSED
NO.
HB1128
-
2/5/99
|
| Introduced by: Representatives Solum and Broderick and Senators Everist, Duxbury, Madden, and Munson (David) |
FOR AN ACT ENTITLED, An Act to
authorize the Banking Commission to establish rules
regulating bank borrowings.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 51A-4-13 be amended to read as follows:
51A-4-13. A bank may borrow money
for temporary purposes
and
may
pledge assets
as
security
for terms, and upon conditions, established by the Banking Commission in rules
promulgated pursuant to chapter 1-26
.
BILL HISTORY
1/22/99 First read in House and referred to Commerce. H.J. 129
2/4/99 Scheduled for Committee hearing on this date.
2/4/99 Commerce Do Pass Amended, Passed, AYES 13, NAYS 0. H.J. 362
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 51A-4-13 be amended to read as follows:
51A-4-13. A bank may borrow money
BILL HISTORY
1/22/99 First read in House and referred to Commerce. H.J. 129
2/4/99 Scheduled for Committee hearing on this date.
2/4/99 Commerce Do Pass Amended, Passed, AYES 13, NAYS 0. H.J. 362
