{"data":{"id":"us-sd/sdcl-51a-4-20.2","jurisdiction":"us-sd","citation":"SDCL § 51A-4-20.2","heading":"Qualification of community development corporation as permissible investment.","body":"To qualify as a permissible investment for banks pursuant to § 51A-4-20, a community development corporation shall be of a predominantly civic, community, or public nature and not merely private and entrepreneurial. Any project or entity which has been approved as a community development corporation by the Office of the Comptroller of the Currency, the Federal Reserve Board, or any other federal bank regulatory authority shall be eligible for investment by a bank, subject to the limitations of §§ 51A-4-20 to 51A-4-20.3, inclusive.\nSource: SL 1992, ch 334, § 1B.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-4. GENERAL POWERS OF BANKS"],"source_url":"https://sdlegislature.gov/Statutes/51A-4-20.2","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"9f6b5ab24c6b68dd8f2fa91ada0445f8f6a69d508f9b587f8a9b1c7695776ff3","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-4-20.1","next":"us-sd/sdcl-51a-4-20.3"},"notice":"GroundRules: Original legal text. Not legal advice."}