South Dakota Code — 51A
Browse 188 sections in division 51A of the South Dakota code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 51A-1-1. Applicability of provisions--Retention of capital structure by banks.
- § 51A-1-2. Definition of terms.
- § 51A-1-3. Adverse claims against bank deposits, contents of safe deposit box or property in safekeeping.
- § 51A-1-4. Disqualification of officer, employee or director for violation--Civil liability.
- § 51A-1-5. Failure to obey director's orders--Civil liability.
- § 51A-1-6. Procedure to recover fine.
- § 51A-1-7. Injunction against violation.
- § 51A-1-8. Liability of bank as insurer or as guarantor or endorser of security instrument prohibited.
- § 51A-1-9. Concealment of bank transactions as misdemeanor.
- § 51A-1-10. False entries--Obstruction of examination--Felonies.
- § 51A-1-11. False filing as misdemeanor.
- § 51A-1-12. Payment or indemnification of person for fine, penalty or judgment unlawful--Civil liability--Exceptions--Action to recover payments.
- § 51A-1-13. Misappropriation of funds or information by officer, director, or employee as felony.
- § 51A-1-14. Receipt, possession, or sale of misappropriated funds or information as felony.
- § 51A-1-15. Acknowledgments by officers or employees of banks validated.
- § 51A-1-16. Severability of provisions.
- § 51A-1-17. No duty to disclose information about customers--Exceptions.
- § 51A-1-18. Agreements or compacts with other jurisdictions--Administration--Filing--Availability.
- § 51A-1-19. Central bank digital currency--Public transaction prohibited.
- § 51A-1-20. Central bank digital currency--Private transaction--Alternative required.
- § 51A-2-1. Establishment of Division of Banking.
- § 51A-2-2. Department and commission as division within Department of Labor and Regulation--Direction and supervision by department--Independent functions retained by division.
- § 51A-2-3. Director of division--Vacancy--Qualifications.
- § 51A-2-4. Director of division--Appointment and removal.
- § 51A-2-5. Deputy director--Appointment--Powers and duties.
- § 51A-2-6. Staff employees--Compensation--Dismissal--Background investigation.
- § 51A-2-7. Appointment of State Banking Commission--Director as executive officer--Qualifications of members.
- § 51A-2-8. Terms of commission members--Vacancies--Removal for cause.
- § 51A-2-9. Chairman and secretary of commission--Per diem and expenses of members.
- § 51A-2-10. Meetings of commission.
- § 51A-2-11. Quorum--Replacement of nonparticipating member.
- § 51A-2-12. Clerical, technical, and legal assistance for commission.
- § 51A-2-13. Rules promulgated by commission.
- § 51A-2-14. Rules granting additional authority to banks to promote competitive equality.
- § 51A-2-14.1. State chartered banks granted powers allowed federally chartered banks.
- § 51A-2-14.2. Restrictions on federally chartered banks apply to state chartered banks.
- § 51A-2-15. Considerations of commission in making rules and regulations.
- § 51A-2-16. Applications to organize or change control of bank, to merge, to open or close branch banks, or to change location.
- § 51A-2-17. Forms of advertising.
- § 51A-2-18. Examination of banks by director--Substitution for examination requirements.
- § 51A-2-19. Subpoena power--Witness fees and mileage.
- § 51A-2-20. Examination by director upon application by board--Fees and expenses.
- § 51A-2-21. Order to prohibit stockholders' action pending judicial determination.
- § 51A-2-22. Removal of director, officer, or employee of bank--Grounds for order by director.
- § 51A-2-23. Review of removal order by commission.
- § 51A-2-24. Accounting practices--Valuation of assets--Required practices to protect loans.
- § 51A-2-25. Temporary order of director against unsound practice.
- § 51A-2-26. Permanent order of commission against unsound practice.
- § 51A-2-27. Injunctive relief.
- § 51A-2-28. Seal of director.
- § 51A-2-29. Record of fees--Disposition of money collected.
- § 51A-2-30. Banking special revenue fund created--Disbursements.
- § 51A-2-31. Copies of official records and papers in office of division--Evidentiary value--Fee for certified copy.
- § 51A-2-32. Oaths and bonds of commissioners, director, deputy director, examiners and special examiners, and other division personnel.
- § 51A-2-33. Secrecy oath of commissioners, director and division officers and employees--Exceptions to secrecy requirements.
- § 51A-2-34. Interest in bank by division officers or employees prohibited--Relinquishment of interest by director or deputy for term of office.
- § 51A-2-35. Records of division open to public inspection--Exceptions--Court order.
- § 51A-2-36. Examination and supervision fees.
- § 51A-2-37. Examinations of parent corporations by director--Penalty for refusal to allow examination.
- § 51A-2-38. Repealed by SL 2012, ch 252, §§ 4 to 9.
- § 51A-3-1. Corporation laws applicable to banks.
- § 51A-3-1.1. Bank organized as limited liability company--Rules.
- § 51A-3-2. Articles of incorporation or articles of organization--Content--Name of bank--Capital stock or members' equity.
- § 51A-3-3. Incorporators of bank.
- § 51A-3-4. Minimum capital.
- § 51A-3-5. Sale price of original stock issue or original issue of members' equity--Excess credited to surplus.
- § 51A-3-6. Transfers to surplus.
- § 51A-3-7. Applications--Fee.
- § 51A-3-8. Acceptance of application for charter.
- § 51A-3-9. Conditions to be considered in ruling on application.
- § 51A-3-10. Hearing on application.
- § 51A-3-12. Endorsement and filing of approved articles--Notice of disapproval.
- § 51A-3-13. Subscription of shares--Minimum collection--Refund on disapproval of application.
- § 51A-3-14. Call by incorporators for full payment of subscriptions--Issuance of certificate of authority by director--Commencement of business within one year.
- § 51A-3-15. Applications for branch banks and detached drive-in facilities--Applicable provisions.
- § 51A-3-16. Preferred stock, capital notes, and debentures--Director approval of issuance--Terms of issue--Director approval of retirement or payment.
- § 51A-3-17. Preferred stock, capital notes, and debentures outstanding--Restrictions on dividends.
- § 51A-3-17.1. Dividends--Definition.
- § 51A-3-18. Dividends--Restrictions and requirements for declaration.
- § 51A-3-19. Approval of director required for unusually large dividends.
- § 51A-3-20. Recovery of dividends paid when capital impaired.
- § 51A-3-21. Net profits defined.
- § 51A-3-22. Amendment of articles of incorporation--Changes requiring approval of director--Filing of amendments.
- § 51A-3-23. Extension of charter.
- § 51A-3-24. Reporting transfers of stock.
- § 51A-3-25. Change in control of bank.
- § 51A-3-26. Lien on shares--Enforcement--Marking of certificates.
- § 51A-3-27. Purchase or purchase money loans on security of own stock prohibited--Exception.
- § 51A-3-28. Credit of dividends, interest, or profits on indebtedness--Foreclosure of lien.
- § 51A-3-30. Adoption and approval of bylaws.
- § 51A-3-31. Indemnification of officers, directors, or employees.
- § 51A-3-32. Board of directors--Number of members--Citizenship requirements--Election.
- § 51A-3-33. Removal of directors--Vote required.
- § 51A-3-34. Board of directors--Meetings.
- § 51A-3-35. Election of officers--Terms--Vacancies.
- § 51A-3-36. Names of officers and information forwarded to director--Vacancy on refusal to confirm.
- § 51A-3-37. Bonds of officers and employees.
- § 51A-3-38. Insurance protection.
- § 51A-3-39. Amount of bonds and insurance prescribed by bank directors--Approval by director of division.
- § 51A-4-1. Miscellaneous banking powers.
- § 51A-4-1.1. Banking with industrial hemp or marijuana licensees and associated persons authorized.
- § 51A-4-2. Purchase and sale of securities on order of customer--Contract with securities brokerage services allowed.
- § 51A-4-3. Operation of travel agency.
- § 51A-4-4. Insurance business authorized.
- § 51A-4-5. Certificate of authority required to engage in banking business--Misdemeanor.
- § 51A-4-6. Order to cease and desist for violation--Right to appeal.
- § 51A-4-7. Arrest and prosecution for violation.
- § 51A-4-8. Deposit insurance required--Federal reserve system membership authorized.
- § 51A-4-9. Real property authorized to be held by bank--Maximum book value of premises.
- § 51A-4-10. Property authorized to be purchased to satisfy debts--Limitation on period of retention.
- § 51A-4-12. Checks settled at par--Payment from reserve deposits.
- § 51A-4-13. Borrowing money by bank--Pledge of assets.
- § 51A-4-14. "Bills payable" issued for money borrowed by bank--Record of amount borrowed.
- § 51A-4-15. Rediscounting of negotiable paper--Limitation on pledge of assets as security.
- § 51A-4-16. Sale, transfer, or assignment of loan participations.
- § 51A-4-17. Sale of assets of bank.
- § 51A-4-18. Grounds and procedure for nonobservance of banking hours--Extension of hours.
- § 51A-4-19. Change in banking hours--Notice to division.
- § 51A-4-20. Restriction on use of bank money to purchase other bank stock--Community investments authorized--Limitation on investment.
- § 51A-4-20.1. "Community development corporation" defined.
- § 51A-4-20.2. Qualification of community development corporation as permissible investment.
- § 51A-4-20.3. Promulgation of rules for investment in community development corporations.
- § 51A-4-20.4. Investments to promote public welfare authorized--Limitations.
- § 51A-4-21. Bad debts--Maximum time allowed before charge-off--Overdraft not allowed as asset.
- § 51A-4-22. Purchase of retail installment contract--Terms and effect of agreement.
- § 51A-4-23. Leasing of personal property by bank--Terms and conditions.
- § 51A-4-24. Factoring--Applicability of lending limit provisions.
- § 51A-4-25. Bank investments--Restrictions set by rule--Limitations.
- § 51A-4-25.1. Annuity defined.
- § 51A-4-26. Exceptions to investment limitation--Purchase of federal, state, and municipal obligations and bonds or interim notes of South Dakota Building Authority.
- § 51A-4-27. Investments in agricultural credit corporations and livestock loan companies.
- § 51A-4-28. Restricted investment in mortgage banking companies authorized.
- § 51A-4-29. Banks authorized to make or purchase loans secured by real estate mortgages--Sale of loans to Federal National Mortgage Association--Capital contributions.
- § 51A-4-30. Investment in federally sponsored housing loans.
- § 51A-4-41. Repealed.
- § 51A-4-42. Restrictions on purchase of cash value life insurance contracts.
- § 51A-4-43. Access to motor vehicle title and lien information on state's computer system.
- § 51A-4-44. Financial institution and services defined.
- § 51A-4-45. Contracts for services.
- § 51A-4-46. Debt cancellation contracts and debt suspension contracts--Fee.
- § 51A-5-1. Use of "trust" in name restricted--Exercise of trust powers restricted--Misdemeanor.
- § 51A-5-1.1. Powers of banks engaging in trust business.
- § 51A-5-1.2. "Trust business" defined.
- § 51A-5-2. Bank as trustee or custodian for retirement benefit plans.
- § 51A-5-3. Fiduciary authority of bank authorized by charter to exercise trust powers.
- § 51A-5-4. Deposit required to do trust business--Amount and form of deposit--Disposition of income.
- § 51A-5-5. Deposit available for satisfaction of claims upon liquidation, abandonment of trust powers, or resignation from fiduciary positions.
- § 51A-5-6. National banks' authority to engage in trust business--Examination of trust business--Acceptance of federal examination.
- § 51A-5-7. Foreign bank or trust company to comply with requirements to act as fiduciary in state--Violation as misdemeanor.
- § 51A-5-8. Reciprocal privileges extended to foreign bank or trust company acting as fiduciary.
- § 51A-5-9. Filing with Office of the Secretary of State by foreign bank or trust company acting as fiduciary--Designation as agent to receive process--Service of process.
- § 51A-5-10. Establishment of place of business not permitted or prohibited by filing requirements.
- § 51A-5-11. Investment powers of trust company.
- § 51A-5-12. Voting of bank shares by cotrustee.
- § 51A-5-13. Segregation of assets held by bank as fiduciary.
- § 51A-5-14. Deposit of federally guaranteed securities with federal reserve bank.
- § 51A-5-15. Records of depositor to show ownership of securities--Transfers by book entries.
- § 51A-5-16. Custodian to certify deposited securities to fiduciary--Duty of fiduciary.
- § 51A-5-17. Application of provisions to fiduciaries and custodians whenever appointed.
- § 51A-5-19. Oath or bond not required of bank to qualify as fiduciary.
- § 51A-5-20. Nominees used by bank acting as fiduciary or cofiduciary.
- § 51A-5-21. Deposit in clearing corporation of securities held as fiduciary or custodian.
- § 51A-5-22. Ownership of stock in clearing corporation not required for deposit of securities by fiduciary or custodian.
- § 51A-5-23. Holding in bulk of securities deposited in clearing corporation--Merger of certificates.
- § 51A-5-24. Records of securities deposited in clearing corporation--Transfer by book entry--Certification to interested party of securities held.
- § 51A-5-25. Approval or ratification of acceptance or relinquishment of fiduciary accounts by board of directors or committee.
- § 51A-5-26. Supervision of investment of fiduciary funds by committee designated by board of directors.
- § 51A-5-27. Reports of committees designated to supervise fiduciary accounts.
- § 51A-5-28. Repealed
- § 51A-5-29. Repealed
- § 51A-5-30. Repealed
- § 51A-5-31. Repealed
- § 51A-5-32. Repealed
- § 51A-6-1. Repealed
- § 51A-6-2. Repealed
- § 51A-6-4. Repealed
- § 51A-6-5. Repealed
- § 51A-6-6. Repealed
- § 51A-6-12. Repealed
- § 51A-6-14. Repealed
- § 51A-6-15. Repealed
- § 51A-6-16. Repealed
- § 51A-6-17. Repealed
- § 51A-6-18. Repealed
- § 51A-6-19. Repealed
- § 51A-6-20. Repealed
- § 51A-6-21. Repealed
- § 51A-6-22. Repealed