<html> <head> <title>Rule 06:02:01:01 Definition.</title> <META NAME="Keywords" Content="Administrative Rules 06:02:01:01"> <META NAME="Description" Content="Administrative Rules 06:02:01:01 Definition."> <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>6:02:01:01.&nbsp;&nbsp;Definitions.</b> Terms defined in SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-6A-1">4-6A-1</A> have the same meaning when used in this article. In addition, terms used in this article mean:</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;&quot;FDIC,&quot; the Federal Deposit Insurance Corporation as described in 12 U.S.C.A. &nbsp;1811 et seq.;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;&quot;Report of condition,&quot; the report filed with the FDIC listing total assets and liabilities of banks within this state;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;&quot;Custodian,&quot; any financial institution that has facilities for the safekeeping of securities which have been accepted by the commission under SDCL chapter <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-6A">4-6A</A> to secure uninsured public deposits, a federal home loan bank that advances credit to collateralize public deposits, or an insurance company or surety company authorized to transact the business of a surety in this state and guarantee public deposits by the issuance of a bond.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 2 SDR 51, effective January 13, 1976; 24 SDR 93, effective January 12, 1998.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-6A-20">4-6A-20.</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=4-6A-1">4-6A-1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-6A-3">4-6A-3.</A></p> </div> </body> </html>