Section 10-43-25.6 - Receipts from securities used to maintain reserves against deposits. - South Dakota Statutes

10-43-25.6. Receipts from securities used to maintain reserves against deposits. Notwithstanding the provisions of § 10-43-25.5, receipts from securities used to maintain reserves against deposits to meet federal and state reserve requirements shall be attributed to this state based on the ratio that the deposits in South Dakota bear to total deposits in all of the states of the United States, District of Columbia, and any territory or subdivision thereof.

Source: SL 1977, ch 96, § 15 (1).