<html> <head> <title>Rule 20:07:10:06.01 Exceptions to capital requirements.</title> <META NAME="Keywords" Content="Administrative Rules 20:07:10:06.01"> <META NAME="Description" Content="Administrative Rules 20:07:10:06.01 Exceptions to capital requirements."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:07:10:06.01.&nbsp;&nbsp;Exceptions to capital requirements.</b> The commission may exempt from capital requirements those newly organized banks created pursuant to an interim merger transaction and those created on an emergency basis.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 14 SDR 46, effective September 28, 1987.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-2-13">51A-2-13</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-2-14">51A-2-14.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-3-4">51A-3-4</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-14-6">51A-14-6.</A></p> </div> </body> </html>