S.D. Admin. R. 20:07:08:02

Current through Register Vol. 50, page 162, June 24, 2024

Section 20:07:08:02 - State-chartered banks may act as trustee or custodian pursuant to SDCL 51A-5-2

A state-chartered bank not presently authorized by its articles of incorporation and the commission to exercise trust powers may, without obtaining the prior approval of the commission, act as trustee or custodian pursuant to SDCL 51A-5-2.

S.D. Admin. R. 20:07:08:02

2 SDR 26, effective 10/13/1975; 8 SDR 31, effective 9/30/1981; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 51A-2-13, 51A-5-2.

Law Implemented: SDCL 51A-5-2.