Statutes, codes, and regulations
South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 4 - GENERAL POWERS OF BANKS
Section 51A-4-2 - Purchase and sale of securities on order of customer-Contract with securities brokerage services allowed

S.D. Codified Laws § 51A-4-2

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Current through the 2024 Legislative Session
Section 51A-4-2 - Purchase and sale of securities on order of customer-Contract with securities brokerage services allowed

A bank may, directly or through subsidiaries, purchase or sell without recourse any security upon the order of a customer for his account. The terms of this section shall be construed to permit banks to contract with securities brokerage services.

SDCL 51A-4-2

SL 1969, ch 11, § 4.7; SDCL, § 51-18-7; SL 1988, ch 377, § 87; SDCL, § 51-18-1.1.