{"data":{"id":"us-sd/sdcl-51a-4-21","jurisdiction":"us-sd","citation":"SDCL § 51A-4-21","heading":"Bad debts--Maximum time allowed before charge-off--Overdraft not allowed as asset.","body":"Any debt due to any bank on which the interest is past due and unpaid for a period of six months unless the debt is well secured or in process of collection, shall be considered a bad debt and be charged to the reserve for loan and lease losses. In no case may an overdraft be held as an asset by any bank for a period of time longer than that set by the rules of the commission.\nSource: SDC 1939, § 6.0432; SDCL, § 51-11-14; SL 1969, ch 11, § 4.16; SL 1981, ch 346, § 35; SL 1988, ch 377, § 93; SDCL, § 51-18-17; SL 1991, ch 390, § 6; SL 1997, ch 271, § 1.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-4. GENERAL POWERS OF BANKS"],"source_url":"https://sdlegislature.gov/Statutes/51A-4-21","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"02a902396bb6b558c2983563d7923fad192398017cf0930e8950cb3a7c57fb9a","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-4-20.4","next":"us-sd/sdcl-51a-4-22"},"notice":"GroundRules: Original legal text. Not legal advice."}