GroundRules
SDCL § 51A-3-21: Net profits defined.
Where this section sits in the code
- TITLE 51A. BANKS AND BANKING
- CHAPTER 51A-3. ORGANIZATION, APPLICATIONS, AND CAPITAL STRUCTURE OF BANKING CORPORATIONS
Net profits shall be equal to the net income or loss as reported by a bank in its reports of condition and income. In computing its net profits under this section, a bank may not add its provision for loan and lease losses to, nor deduct net charge offs from, its reported net income.
Source: SDCL, § 51-15-1(9); SL 1988, ch 377, § 1; SDCL, § 51-17-20.6; SL 1991, ch 390, § 3.
Collected 2026-09-03T15:18:57Z. Source file · JSON