{"data":{"id":"us-sd/sdcl-51a-3-4","jurisdiction":"us-sd","citation":"SDCL § 51A-3-4","heading":"Minimum capital.","body":"The total capital of each newly organized bank shall be in an amount as the director determines adequate provided that the total capital required be at least six percent of the total projected assets of the bank during its first three years of operation.\nSource: SL 1909, ch 222, art 2, § 1; SL 1911, ch 255, § 3; SL 1915, ch 102, art 2, § 2; SL 1917, ch 145, § 1; RC 1919, §§ 8949, 9034; SL 1925, ch 95; SL 1927, ch 60; SDC 1939, § 6.0303; SL 1943, ch 15; SL 1959, ch 15; SDCL §§ 51-4-1, 51-4-2; SL 1969, ch 11, § 3.4; SL 1981, ch 346, § 20; SL 1982, ch 334, § 3; SL 1988, ch 377, § 56; SDCL § 51-17-4; SL 2015, ch 239, § 1.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-3. ORGANIZATION, APPLICATIONS, AND CAPITAL STRUCTURE OF BANKING CORPORATIONS"],"source_url":"https://sdlegislature.gov/Statutes/51A-3-4","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"eca0578b736781f47681212c6f02e3af0f2f3366227824a381f99a0ab624c8dc","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-3-3","next":"us-sd/sdcl-51a-3-5"},"notice":"GroundRules: Original legal text. Not legal advice."}