{"data":{"id":"us-sd/sdcl-51a-12-4","jurisdiction":"us-sd","citation":"SDCL § 51A-12-4","heading":"Loan to customer used for partnership or corporation.","body":"A loan or other extension of credit to a customer, the proceeds of which the customer intends to place in a partnership in which he is a partner or a corporation in which he is a stockholder, is not required to be combined with obligations of the partnership or corporation for the purpose of § 51A-12-2 unless the loan is made in reliance on the assets and repayment ability of the partnership or the corporation.\nSource: SL 1969, ch 11, § 10.2; SL 1970, ch 265, § 53; SDCL, § 51-24-4; SL 1993, ch 351, § 2.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-12. BANK LOANS"],"source_url":"https://sdlegislature.gov/Statutes/51A-12-4","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"0bab29851dc204b09174560e63a70d5b6832b99f8d8859dccac98132bce77dd1","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-12-3","next":"us-sd/sdcl-51a-12-5"},"notice":"GroundRules: Original legal text. Not legal advice."}