South Dakota § 51A-2-14.1 - State chartered banks granted powers allowed federally chartered banks.
Full text of South Dakota South Dakota Codified Laws § 51A-2-14.1 — State chartered banks granted powers allowed federally chartered banks., with citation guidance and answers to common questions.
§ 51A-2-14.1. State chartered banks granted powers allowed federally chartered banks.
Notwithstanding any restrictions, limitations, and requirements of law, in addition to all powers, expressed or implied, that a state bank has under the laws of this state, a state bank shall have the powers and authorities conferred as of January 1, 2008, upon federally chartered banks doing business in this state. A state bank may exercise the powers and authorities conferred on a federally chartered bank after this date only if the director finds that the exercise of such powers and authorities:
(1) Serves the convenience and advantage of depositors, borrowers, or the general public; and
(2) Maintains the fairness of competition and parity between state chartered and federally chartered banks.
If the director finds that the before-mentioned conditions have been met, the director shall make a declaratory ruling allowing state banks the same powers and authorities.
As used in this section, powers and authorities, include, without limitation, powers and authorities in corporate governance and operational matters.
Source: SL 1999, ch 233, § 1; SL 2008, ch 252, § 6.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 51A-2-14.1
What does South Dakota Codified Laws § 51A-2-14.1 cover?
Section 51A-2-14.1 ("State chartered banks granted powers allowed federally chartered banks.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 51A-2-14.1?
A common citation format is "South Dakota Codified Laws § 51A-2-14.1" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 51A-2-14.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.