"Bills payable" issued for money borrowed by bank--Record of amount borrowed.

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51A-4-14."Bills payable" issued for money borrowed by bank--Record of amount borrowed.

A bank shall issue its "bills payable" for any money borrowed by it, and shall show on its books and in all reports and statements made by it, the true amount of money borrowed by it.

Source: SL 1909, ch 222, art 2, §33; SL 1915, ch 102, art 2, §37; SL 1918 (SS), ch 29; RC 1919, §8984; SL 1919, ch 124; SL 1925, ch 92; SL 1927, ch 53; SL 1933, ch 50; SDC 1939, §6.0424; SDCL, §51-6-15; SL 1969, ch 11, §4.9; SDCL, §51-18-10.


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