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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 47-10-18: Nonstockholder members--Duty to lend.

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Where this section sits in the code
  1. TITLE 47. CORPORATIONS
  2. CHAPTER 47-10. BUSINESS DEVELOPMENT CREDIT CORPORATIONS

All calls of funds which nonstockholder members of a business development credit corporation are committed to lend to the corporation shall be prorated by the corporation among the nonstockholder members in the same proportion that the individual lines of credit bear to the aggregate line of credit.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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