<html> <head> <title>Rule 20:07:16:08 Investment in subsidiaries and bank capital.</title> <META NAME="Keywords" Content="Administrative Rules 20:07:16:08"> <META NAME="Description" Content="Administrative Rules 20:07:16:08 Investment in subsidiaries and bank capital."> <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>20:07:16:08.&nbsp;&nbsp;Investment in subsidiaries and bank capital.</b> For purpose of capital calculations, primary capital of a bank includes the bank's pro rata share of the shareholder's equity of all bank subsidiaries except those bank subsidiaries which are special bank subsidiaries. Banks shall not count as primary capital any investment in special bank subsidiaries.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 12 SDR 106, effective January 1, 1986; 12 SDR 151, 12 SDR 155, effective July 1, 1986.</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> to <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-2-15">51A-2-15.</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-4-1">51A-4-1.</A></p> </div> </body> </html>