Statutes, codes, and regulations
South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 7 - BRANCH BANKS AND DRIVE-IN FACILITIES
Section 51A-7-25 - Authority of director in case of violation by South Dakota branch of out-of-state bank

S.D. Codified Laws § 51A-7-25

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Current through the 2024 Legislative Session
Section 51A-7-25 - Authority of director in case of violation by South Dakota branch of out-of-state bank

If it is determined that a branch maintained by an out-of-state state bank in South Dakota is being operated in violation of any provision of the laws of South Dakota or is being operated in an unsafe and unsound manner, the director has the authority to take any enforcement action as though the branch were a South Dakota state bank if the director gives notice to the home state regulator of the enforcement action.

SDCL 51A-7-25

SL 1996, ch 280, § 13.