{"data":{"id":"us-sd/sdcl-51a-12-14","jurisdiction":"us-sd","citation":"SDCL § 51A-12-14","heading":"Right of offset on loans.","body":"In addition to the general lien created by § 44-11-11 in favor of a bank on all property in possession of the bank belonging to its customers, a bank may offset against all loan balances, whether principal or interest, owed to the bank by a customer, all or any portion of the bank's obligation to the customer in the form of certificates of deposit, time savings certificates and any other form of deposit.\nSource: SL 1981, ch 346, § 61; SDCL, § 51-24-15.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-12. BANK LOANS"],"source_url":"https://sdlegislature.gov/Statutes/51A-12-14","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"8baa21d53e76bd678510b43ec9c1f45abb5704ff646bfabd6540ce065e766d6e","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-12-13","next":"us-sd/sdcl-51a-12-15"},"notice":"GroundRules: Original legal text. Not legal advice."}