Statutes, codes, and regulations
South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 2 - DIVISION OF BANKING
Section 51A-2-2 - Department and commission as division within Department of Labor and Regulation-Direction and supervision by department-Independent functions retained by division

S.D. Codified Laws § 51A-2-2

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Current through the 2024 Legislative Session
Section 51A-2-2 - Department and commission as division within Department of Labor and Regulation-Direction and supervision by department-Independent functions retained by division

The Division of Banking shall be administered under the direction and supervision of the Department of Labor and Regulation and the secretary thereof. The division shall retain the quasi-judicial, quasi-legislative, advisory, and other nonadministrative functions (as defined in § 1-32-1) otherwise vested in it and shall exercise those functions independently of the secretary.

SDCL 51A-2-2

SL 1973, ch 2 (Ex. Ord. 73-1), § 43; SL 1973, ch 290, § 2; SL 1988, ch 377, § 14; SDCL § 51-16-1.1; SL 2003, ch 272 (Ex. Ord. 03-1), § 118, eff. Apr. 17, 2003; SL 2011, ch 1 (Ex. Ord. 11-1), § 162, eff. Apr. 12, 2011.