Loan defined

SDCL § 51A-12-2.3 — under BANK LOANS.

SDCL § 51A-12-2.3

For the purpose of calculating loan or credit limitations pursuant to § 51A-12-2 , a loan includes any credit exposure to a borrower arising from a derivative transaction, repurchase agreement, reverse repurchase agreement, securities lending transaction, or securities borrowing transaction between a bank and that borrower. Source: SL 2013, ch 240 , § 1.